Catenaa, Friday, July 18, 2025- China hopes that Nvidia will provide high-quality and reliable products and services to Chinese customers, as demand for H2O chips soars.
Chinese Commerce Minister Wang Wentao said in a statement on Friday that Nvidia was willing to deepen cooperation with Chinese partners in the field of artificial intelligence.
Nvidia CEO Jensen Huang Chinese market was very attractive, and Chinese customers’ demand for the H20, which was released from US export controls this week, is high, but no purchase orders have been fulfilled yet as it awaits US government approval for export licences.
China’s commerce ministry said in a separate statement on Friday that the US had told Beijing that it would approve sales of Nvidia’s H20 AI chips to Chinese customers.
Wang said China’s policy of attracting foreign investment would not change, and the door to openness would only open wider.
During his third China visit this year, Huang, the founder and CEO of the world’s most valuable company, also met with Ren Hongbin, chairman of China Council for the Promotion of International Trade and the country’s Vice Premier He Lifeng.
Chinese officials told Huang they welcomed foreign companies to continue to invest in the country, the Nvidia CEO said at a press conference in Beijing on Wednesday.
At the event, Huang described AI models from Chinese firms Deepseek, Alibaba and Tencent as “world-class” and said AI was “revolutionising” supply chains.
Nvidia has also announced it is developing a new chip for Chinese clients called the RTX Pro GPU, which would be compliant with US export restrictions and designed specifically for smart factories and for robot training purposes.
Nvidia stock was up by 0.3% on Friday Morning, with over a 20% gain since June 18 and a 28.8% year-to-date gain. The market cap stood at $4.21 trillion.
