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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 is set to give a keynote address in the U.S.
capital on Tuesday, with investors looking for clarity on what
chips the artificial intelligence leader will be able to sell to
the vast Chinese market.
Huang's remarks are expected at 12 p.m. EDT (1600 GMT).
President Donald Trump is touring Asia this week and is expected
to meet 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 deemed a key issue.
Huang will speak 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.
Both the first Trump administration and President Joe Biden
clamped down on sales of Nvidia's ( NVDA ) most advanced chips to China,
but the second Trump administration has shown an openness to
letting Nvidia ( NVDA ) ship chips there. 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 (CPUs) 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 ))."