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These are tech titans in Beijing with Trump and what they want
A delegation of tech executives, including Nvidia’s Jensen Huang, Apple’s Tim Cook, and billionaire Elon Musk, is in Beijing with US President Donald Trump to meet with President Xi Jinping for a summit. The goal of the summit is to get China to “open up” to American firms and to facilitate dialogue on critical economic issues such as trade barriers, artificial intelligence development and geopolitical stability, according to a White House official. However, many of these tech leaders already have working relationships with China or do business there. We take a closer look at their ties to the world’s second-largest economy. Jensen Huang The CEO of Nvidia, the trillion-dollar semiconductor chip powering the artificial intelligence (AI) boom, has deep business and personal ties to both China and Taiwan. Jensen Huang was born in Taiwan and was sent by his parents to live in the United States when he was nine years old. But Nvidia’s business relationship dates back to 2011, when the company began teaching Chinese university students how to use its Compute Unified Device Architecture (CUDA) software for AI engineering. By 2017, Nvidia announced it was supplying chips to many of China’s up-and-coming AI and cloud computing companies, including internet search engine Baidu, cloud provider Tencent, and Alibaba’s cloud computing branch, AliCloud. TSMC, the world’s largest semiconductor manufacturing company in Taiwan, has been building Nvidia’s new chip designs since 1998. But in 2022, former US president Joe Biden imposed export restrictions on two of Nvidia’s most advanced chips, the A100 and H100. The new rules prohibited Nvidia from selling its tech to China or Russia. Nvidia reported in a tax filing to the US government that year that it expected to make $400 million (€341.7 million) in potential sales to Chinese companies, which could be lost to export restrictions. Wang Wenbin, a spokesperson for China’s foreign ministry, reportedly said in 2022 that US export restrictions are a “sci-fi hegemony” move that will “hobble and suppress the development of emerging markets and developing countries”. To comply with the export restrictions, Nvidia developed the H20 chip in 2023, an “AI accelerator” chip that could be sold in China. None of those chips has reached China, according to Nvidia in February. Orders for Nvidia’s H20 chip skyrocketed after the debut of DeepSeek, China’s low-cost AI model seen as a major competitor to American AI companies like OpenAI, acc...
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