Nvidia meets Chinese trade negotiator as fresh US chip sanctions loom
- China’s Commerce Ministry welcomed Nvidia to deepen ties in the country, promising to improve the business environment for foreign enterprises.
- Nvidia’s Jay Puri reaffirmed the company’s commitment to serving China’s digital economy despite ongoing US-China tensions.
- US export restrictions are expected to expand, potentially adding 200 Chinese chip companies to a trade blacklist and further limiting high-bandwidth memory chip shipments to China.
- Beijing remains open to positive dialogue with Washington to manage differences and strengthen economic cooperation amid rising geopolitical pressures.
Beijing’s top trade negotiator met the head of Nvidia’s global business operations on Monday, ahead of an expected escalation of US restrictions on China’s semiconductor industry, which reportedly could come soon this week.
Wang Shouwen, the vice commerce minister who was a key member of China’s trade negotiation team during Donald Trump’s first term as US president, spoke with Nvidia’s Jay Puri, an executive vice-president of worldwide field operations, according to a statement published by the ministry.
During the meeting, Wang touted the “broader opportunities” a more open China could offer to foreign enterprises, adding that the Chinese commerce ministry is willing to strengthen communication, expand collaboration and iron out differences to put US-China economic and trade ties back on track.
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Beijing welcomed Nvidia to deepen its ties in the country, and is willing to listen to companies’ requests to create a better business environment, according to the statement.
Puri told Wang that Nvidia views China as an important market, where it will continue to provide quality products and efficient services, while participating in the development of China’s digital economy.
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