H20 Chip
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Nvidia CEO Jensen Huang Dons Traditional Chinese Attire, Delivers First-Ever Speech in Mandarin
At the Chain Expo in Beijing, Nvidia CEO Jensen Huang replaced his signature leather jacket with a traditional Tang suit, a move seen as a gesture of respect for the Chinese market. This follows Huang’s earlier appearance in his trademark jacket despite the heat. Huang is in China for Nvidia’s debut at the Expo, where he will deliver his first public speech in Mandarin. This coincides with the U.S. government authorizing the export of Nvidia’s H20 chip to China, enabling the company to resume sales in the region.
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Nvidia Surges as H20 Chip Re-Supply Sparks $165 Billion Market Cap Jump
Nvidia’s stock surged after CEO Jensen Huang’s Beijing visit sparked optimism about resuming H20 chip sales to China, adding almost $200 billion to its market cap. AMD also saw gains. The H20 is a modified chip designed to comply with U.S. export rules. Despite Nvidia’s optimism, uncertainties remain due to U.S.-China relations and growing competition from domestic Chinese companies like Huawei, which could impact long-term market share.