*

Nvidia ( NVDA ) CEO says delighted by Xi-Trump meeting, not aware

of

content

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Nvidia's ( NVDA ) market share in China has fallen to zero amid

US-Sino

frictions

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Huang says concerns about Chinese military using U.S. tech

do

not make sense

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Says foolish to underestimate Huawei

(Adds additional context, comments on China market share and

Huawei)

By Eduardo Baptista and Ju-min Park

GYEONGJU, South Korea, Oct 31 (Reuters) - Nvidia ( NVDA )

CEO Jensen Huang said on Friday he hoped the company's

state-of-the-art Blackwell chips can be sold in China, although

the decision needed to be made by U.S. President Donald Trump.

Speaking during his first official visit to South Korea in

more than a decade, a day after Trump and Chinese leader Xi

Jinping held talks there, Huang said he was delighted by the

success of the meeting between the two presidents, but was not

aware of what they spoke about.

After the talks on Thursday, Trump told reporters aboard Air

Force One that semiconductors had been discussed and China was

"going to be talking to Nvidia ( NVDA ) and others about taking chips".

But Trump added: "We're not talking about the

Blackwell."

"We're always hoping to return to China, and I think that

Nvidia ( NVDA ) in China is very good. It's in the best interest of

United States. It's in the best interest of China," Huang said.

"So I'm hopeful that both governments will arrive at a

conclusion someday where Nvidia's ( NVDA ) technology could be exported

to China."

US-CHINA FRICTION

The extent of China's access to Nvidia's ( NVDA ) chips has been a

key point of friction with the United States as the two wrestle

for dominance in high-end computing power and artificial

intelligence.

Washington has put export controls on sales of Nvidia's ( NVDA ) most

advanced AI chips to China, seeking to limit its tech progress,

particularly in applications that could help its military.

Huang has tried to persuade the Trump administration to

loosen the controls, saying Chinese AI's dependence on U.S.

hardware was good for America.

Nvidia ( NVDA ) has been working on a new chip for China based on its

latest Blackwell architecture that will be less capable than the

model sold outside the country but more powerful than the most

advanced model it is currently allowed to sell there, the H20,

sources have previously said.

But while private Chinese companies are believed to be

very interested in purchasing such a chip, the Chinese

government has turned cool towards Nvidia ( NVDA ), discouraging

purchases of the H20, and is instead promoting domestic chip

manufacturers such as Huawei.

Huang told reporters that Nvidia ( NVDA ) had been hoping for

"non-zero market share" in China, but was now expecting zero.

U.S. national security concerns that the Chinese

military could use U.S. technology did not make sense, he added,

because China's own domestically produced AI chips were good

enough for their military applications.

He also said it would be "foolish" to underestimate the

incredible competitive spirit of Huawei, which last month

unveiled its plans

to compete against Nvidia ( NVDA ) in AI chips.

"It's deeply uninformed to think that Huawei can't build

systems," he said. "It is foolish to underestimate the might of

China and the incredible competitive spirit of Huawei. This is a

company with extraordinary technology."