[News] NVIDIA Meets China’s Vice Commerce Minister Before U.S. Tightens Export Rules

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The U.S.-China chip trade conflict is anticipated to intensify following Donald Trump’s election as President. According to a report from MoneyDJ, citing the Reuters, a senior executive from NVIDIA recently met with Chinese officials, even as the Biden administration moves forward with plans to implement a new round of chip export restrictions.

The report notes that on the 25th, Chinese Vice Commerce Minister Wang Shouwen met with Jay Puri, NVIDIA’s Executive Vice President of Worldwide Field Operations, highlighting the importance of the Chinese market to NVIDIA.

During the meeting in Beijing, Wang Shouwen assured Puri that China welcomes NVIDIA and is committed to creating a better business environment for foreign companies, as the report indicates.

Notably, recnetly the U.S. Chamber of Commerce informed its members via email on November 21 that the Biden administration could impose another round of advanced chip export restrictions on China as early as this week. The report highlights that this could involve adding up to 200 Chinese companies to a trade blacklist, effectively barring most American suppliers from shipping goods to these firms.

According to the report, the email also indicated that another wave of restrictions on the export of HBM to China is expected to be announced in December. The report states that, citing sources, the first round of regulations may also include bans on the export of chip manufacturing equipment to China.

Read more

• [News] NVIDIA’s Jensen Huang Pledges Full Compliance with Trump’s Trade Policies amid Uncertainties
• [News] Biden Reportedly to Unveil New China Export Rules This Week, Affecting 200 Chinese Chip Firms

(Photo credit: NVIDIA)