financetom
Business
financetom
/
Business
/
Trump to meet with Nvidia CEO on Friday, White House official says
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Trump to meet with Nvidia CEO on Friday, White House official says
Jan 31, 2025 6:34 AM

WASHINGTON, Jan 31 (Reuters) - U.S. President Donald

Trump will meet with Nvidia ( NVDA ) chief executive Jensen Huang at the

White House on Friday, a White House official said, following

reports that the Trump administration is studying new ways to

restrict AI chip sales to China.

Additional details were not immediately available.

Trump's administration is considering tightening

restrictions on artificial intelligence leader Nvidia's ( NVDA )

sales of its H20 chips designed for the China market, three

people familiar with the matter said.

Conversations to restrict shipments of those chips to China

are in very early stages among Trump officials, the sources

said, adding that the idea has been under consideration since

Democratic former President Joe Biden's administration. H20

chips can be used to run AI software and were designed to comply

with existing U.S. curbs on shipments to China implemented by

Biden.

Worries are mounting that China is catching up to the United

States in AI development after China's DeepSeek last week

launched a free assistant it says uses less data at a fraction

of the cost of incumbent players' models, possibly marking a

turning point in the level of investment needed for AI.

Two U.S. lawmakers

are also calling for

restrictions on exports of Nvidia's ( NVDA ) artificial

intelligence chips.

Republican John Moolenaar and Democrat Raja Krishnamoorthi,

who lead the House of Representatives Select Committee on China,

asked for the move as part of a Commerce and State

Department-led review ordered by Trump to scrutinize the U.S.

export control system in light of "developments involving

strategic adversaries."

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2026 - www.financetom.com All Rights Reserved