Nvidia CEO pledges to continue serving Chinese market

Nvidia CEO and founder Jensen Huang pledged on Thursday to make significant efforts to serve the Chinese market, where the chipmaker has maintained a presence for the past 30 years. 

Huang made the commitment during a meeting with Ren Hongbin, chairman of the China Council for the Promotion of International Trade, in Beijing. 

Huang noted that the new export restrictions on AI chips to China have significantly impacted Nvidia’s business, but stressed that the company remains committed to long-term operations in the country. According to Nvidia, the company expects to take a 5.5 billion U.S. dollar hit from the new clampdown on exports of H20 processors to China.