Huang's trip comes amid increasing tensions between the US and China over tech and geopolitics, including US export restrictions on some AI chips to China, which have put Nvidia in a challenging position. In response to these restrictions, Nvidia unveiled a slower, less powerful chip that complies with US export controls and can be sold in China, although some of China's largest cloud companies have expressed disinterest in the lower-performance chips.
Key takeaways:
- Nvidia CEO Jensen Huang visited China to celebrate Chinese New Year with staff, his first trip to the country in four years.
- Huang swapped his signature black leather jacket for a red floral vest and performed a traditional dance.
- The visit followed US export restrictions on some AI chips to China, which has been a significant source of Nvidia's revenue.
- In response to the restrictions, Nvidia unveiled a slower, less powerful chip that complies with US export controls and can be sold in China, though some of China's largest cloud companies have shown disinterest in the lower-performance chips.