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President Trump stated that China opted not to purchase NVIDIA H200 chips despite US approval, as China prefers developing its own semiconductor technology.
The US has approved Nvidia H200 AI chip sales to major Chinese firms including Alibaba, Tencent, ByteDance, and JD.com amid ongoing US-China trade tensions, though deliveries remain uncertain as Beijing pushes for domestic chip development.
Jensen Huang said the meeting was very successful, and the US has agreed to allow 10 Chinese companies, including Alibaba and Tencent, to purchase NVIDIA H200 chips. Also mentioned that NVIDIA's market cap has surpassed Germany's GDP.