Jensen Huang, CEO of Nvidia, speaks to journalists when he arrives for a press conference in a hotel in Beijing on July 16, 2025.
ADEK Berry | AFP | Getty pictures
Beijing – Nvidia CEO Jensen Huang smiled and compliments when he made his third trip to China in just half a year.
As a leader and co-founder of the world's first, newly embossed market capitalization company of $ 4 trillion, Huang had special reasons to be happy when he met the press on Wednesday: Nvidia expected that after a three-month advance payment, after a three-month advance payment, it could resume the turnover of his less advanced H20 break.
“Many of my competitors are my friends,” he noted.
Huang said his understanding was that it was part of an exchange with the USA to enable Nvidia chips to China in order to relieve critically rare earth. CNBC turned to the White House to get a comment.
Huang wore his iconic black leather jacket and entered the sunny courtyard of the Mandarin Oriental Hotel about 15 minutes earlier than planned and asked several questions in almost 90 degrees.
“We can only do that in the sun in China!” he said.
Then he found that the press conference should take place in an air -conditioned room.
“What are we doing out here? Why didn't anyone say it?” he said.
He was washed by local reporters who asked about signatures of books and T-shirts. “Who needs an autograph? I will do it while I hear.”
Here are the highlights of what he said over 90 minutes:
Who he met
Huang said he had a “wonderful meeting” with the Chinese Vice Prime Minister of He Lifeng and made it clear that the discussions did not contain any restrictions for China for battery technology or rare earths.
He met at the beginning of the week Xiaomi Founder and CEO Lei Jun, whom he described as the “brilliant business person”. He said the two artificial intelligence discussed for large voice models, autonomous driving and robotics.
Xiaomi uses Nvidia automobile chips in its electric cars.
Huang said he told US President Donald Trump from his planned trip to China during a meeting with the white building last week to celebrate the 4 -billion dollars market capitalization of Nvidia.
“[Trump] said: “Have a great trip,” said Huang.
Export controls
Nvidia said on Tuesday that it would probably be resumed in China's H20 chips after the US government had insured the US government. The company was forced to stop these sales in April due to new United States' requirements.
“With regard to the H20 ban and the lifting of the ban, it was completely control of the US government and the Chinese government. The discussion has nothing to do with me,” said Huang and rejected the idea that he had played Trump's change in mind.
“It is my job to inform the president about what I know very well, namely the technology industry, the artificial intelligence, the developments of the AI all over the world,” he said.
Huang emphasized that Nvidia corresponds to the final political decision and that the tariffs are only something that the company has to “adapt”.
What's next for Nvidia in China
US chip restrictions almost halved the market share of Nvidia in China, said Huang in May. Due to the US export controls in China, the company said 2.5 billion US dollars in the April quarter and will probably achieve a 3 -billion dollar in the amount of more than $ 45 billion in the amount of $ 45 billion in July.
The United States effectively banned Nvidia to sell its most advanced chips to China in 2022.
“I hope to bring more advanced chips to China than in the H20,” said Huang in response to a CNBC question, “and the reason is that the technology is always developing. It is not like wood.”
He emphasized that it has been providing ever better technology in years and added: “I think it is reasonable that everything we can sell in China are getting better over time.”
But Huang would not give a final answer to how many orders had received NVIDIA or when the company would restart the local sales of its chips – what he recognized was not the best of the company, but also the training of AI models.
He said the US government still processed the licenses for Nvidia to sell the chips to China and that the company would have to restart its supply chain – a process that he specifies could take nine months.
Huawei
Huang also discussed the prospects for the competing Chinese Tech -Riese Huawei, which is affected by US sanctions that precede the export control against Nvidia.
“Anyone who reduces Huawei and everyone who reduces China's production function, deeply naive,” said Huang, pointing out how Huawei “excellent chip design” and his own connected cloud system.
“You can go on the market alone.”
Huawei's AI model functions are an entire technical system that is not based on Nvidia chips or tools. Instead, Huawei has developed its own Ascend chips that works with the company's “Cannen” system, which acts as an alternative to Nvidias Cuda. It also created a AI-specific cloud computing system called CloudMatrix, which was started last year.
When asked about signs that Huawei's AI chip systems are still challenging for many developers to switch to Huang, said Huang: “This is only a matter of time.”
He said, “The most important thing to realize that I have been doing this for 30 years.
China's AI
Huang rained the praise for Chinese AI models, as he did during a speech on Wednesday morning at the opening ceremony of the top-class Supply Chain Expo in Beijing.
“The Chinese models Deepseek, Qwen, Kimi are excellent,” he said, referring to the breakthrough of a Chinese startup, Alibabas Model and another from a startup moon shot supported by Alibaba.
“I think over time, it will be less and less important what is one of the models the smartest,” he said. “It will be the most useful models.”
In January, China developed the global investors with the publication of a AI model, which Openai undercut over the development and operating costs. It is not clear how Deepseek managed to develop the model under wide US chip restrictions for China, but the parent of startup, high-flyer, reports Nvidia Chips.
One aspect that Huang said that he was particularly valued for Chinese AI models was that they are open source and that they made people available to people for free download and use on their own computers.
He said that many companies in many countries Deepseek R1 – “99%” of people – had downloaded to use it locally for healthcare, robotics, imaging and other applications.
When Huang wanted to end the press conference, a reporter asked if he would return to China this year.
“I hope it. You have to invite me.”