DeepSeek · Nvidia · China · Donald Trump · Jensen Huang · Taiwan · Rest of World
In January, Trump allowed Nvidia to sell its furthered H200 chips to China
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China has condemned U.S. chip restrictions as an “abuse” of export controls.
Key facts
- In February, the Trump administration rolled out a $12 billion initiative to stockpile critical materials, including rare earths, for American manufacturers
- In January, Trump allowed Nvidia to sell its advanced H200 chips to China, provided that the U.S. government gets a 25% cut
- In April 2025, China restricted rare earth exports to retaliate against U.S. tariffs
- AI labs such as DeepSeek have developed their models to run on domestic chips, while Huawei’s AI processors are gaining market share
Summary
U.S. President Donald Trump and Chinese President Xi Jinping are scheduled to meet in Beijing this week amid the urgent geopolitical tensions surrounding the war in Iran and the status of Taiwan. Here are five tech issues that could be on the agenda as the two leaders meet. The fate of Nvidia’s business in China is likely going to be on top of the agenda. The U.S. export controls on advanced AI chips have made it difficult for Nvidia to maintain its dominance in China.