Nvidia’s business outlook in China remains uncertain following a summit between President Donald Trump and President Xi Jinping. The meeting failed to produce a breakthrough for American semiconductor manufacturers.
President Trump confirmed that China declined to approve purchases of Nvidia’s H200 AI chips. Beijing intends to develop its own competing technology.
CEO Jensen Huang joined the presidential delegation to advocate for market access. Chinese technology firms are shifting procurement toward domestic suppliers like Huawei.
The U.S. government previously authorized H200 chip sales to specific Chinese entities. Beijing has stalled all shipments to prioritize technological self-sufficiency and homegrown alternatives.