Overview
- Nvidia CEO Jensen Huang will travel with President Trump to Beijing for talks with Chinese President Xi Jinping on May 14–15.
- The administration invited executives from Apple, Boeing, Exxon, Qualcomm, Blackstone, Citigroup, and Visa, with Qualcomm confirming an invite and a source naming Citi’s Jane Fraser.
- Nvidia shares rose more than 2% after reports that Huang would take part in the trip.
- Huang said Nvidia now has zero share of China’s AI GPU market after U.S. export curbs that began in 2022, including an April 2025 ban on H20 chips and only narrow H200 permissions.
- U.S. officials are drafting rules that could require approval for AI chip exports to all countries, a change that could slow deliveries and add new checks for chipmakers and their customers.