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Huang's speech coincides with Trump's Asia tour, which
will
include meeting with China's Xi
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Nvidia ( NVDA ) seeks $50 billion in Chinese market sales for R&D
funding
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Nvidia ( NVDA ) has partnered with Intel ( INTC ) to expand in CPU-dominated
markets
By Stephen Nellis and Alexandra Alper
WASHINGTON, Oct 28 (Reuters) - Nvidia ( NVDA ) CEO
Jensen Huang kicked off a keynote address in the U.S. capital on
Tuesday with investors eagerly looking for clarity on what chips
the artificial intelligence leader will be able to sell to the
vast Chinese market.
Huang took the stage in a packed conference hall as President
Donald Trump continued his tour of Asia this week ahead of his
expected meeting with Chinese President Xi Jinping on Thursday.
The flow of advanced technology between the two nations is
likely to be at the center of trade discussions, with access to
Nvidia's ( NVDA ) chips a key issue.
Huang spoke at Nvidia's ( NVDA ) GTC event, held for the first time in
Washington, D.C., a sign that Nvidia ( NVDA ) is pursuing work with the
government and contractors clustered around the capital. At its
last GTC event in California in March, Nvidia ( NVDA ) laid out its chip
road map for the next year.
Former President Joe Biden clamped down on sales of Nvidia's ( NVDA )
most advanced chips to China, but Trump has wavered in his
policy in his second term, at first restricting exports of
Nvidia's ( NVDA ) AI chips designed for the China market before reversing
course in July.
Huang has argued that Nvidia ( NVDA ) needs access to some $50 billion in
potential sales from the Chinese market to fund U.S.-based
research and development to maintain his company's edge. Reuters
has previously reported that Chinese developers still want
Nvidia's ( NVDA ) chips, despite pressure from Beijing to purchase
domestic chips from Huawei Technologies Co.
Nvidia ( NVDA ) announced a partnership with Intel ( INTC ) last month,
which analysts have said should help it push into markets where
Intel's ( INTC ) central processing units remain dominant.
"On the heels of its investment in (Intel ( INTC )), we expect an
emerging theme to be the acceleration of the data processing
market - the bulk of which is being done today on CPUs," UBS
analyst Tim Arcuri wrote in a note to investors. "We expect this
to become an increasingly important theme with (Nvidia ( NVDA ))."