Jensen Huang, head of Nvidia, the world's leading chip maker, is currently on an unexpected visit to China. Huang came to Beijing on Thursday when news of the US government's strict export of Nvidia's AI chips was being published.

According to the Chinese state media CCTV, he met with local political leaders and businessmen and tried to find the possibility of business cooperation with China despite the US sanctions. 

In the statement submitted by Nvidia to the US securities regulatory body on Tuesday this week, the company mentioned the new rules that must obtain mandatory permission before exporting its AI chip named H20 to China. Two days after the topic emerged, Huang met with Chinese Vice Premier He Lifeng and the founder of AI startup Deepsik and expressed the importance of the Chinese market for Nvidia.

Huang said US control over the sale of AI chips would seriously affect the company's business, according to CCTV. According to the news, Nvidia is committed to "leave no stone unturned to make its products in accordance with the rules" and "resolutely continue to serve the Chinese market".

Only on Monday, Nvidia was praised by President Donald Trump after he said that he would invest 500 billion dollars in America's artificial intelligence (AI) infrastructure.

The day after that, after the matter of needing permission for AI chip export became public, the company said that this will result in a loss of 5.5 billion dollars for the chips prepared for sale in China. On Wednesday, a special committee "House Select Committee on the Chinese Communist Party" formed in the US Parliament said that it is investigating the chips sold by Nvidia throughout Asia.

The New York Times says that the committee is specifically trying to find out whether Nvidia deliberately violated US rules when selling chips to Dipsic.

In 2022, the Joe Biden administration banned the export of Nvidia's advanced chip to China, but the company is exporting the AI ​​chip named H20 by modifying it so that it does not fall under the American threshold, according to the New York Times. "Now that Trump has tightened chip exports, Nvidia is having trouble doing business in China," according to the Times' news, "According to Bernstein Research, Nvidia collected $15 billion in revenue from China last fiscal year." The company's global total revenue in the last fiscal year was $130 billion in the report. 

Due to additional customs duties announced by the US government, the escalating trade war with China and restrictions on AI chip exports, not only Nvidia, but the entire US technology sector is now under great pressure. Businessmen have started various initiatives to deal with it. Companies like Apple, Amazon have moved their supply chain and production centers from China to Vietnam, India and the US. Due to the fear of tariffs, Apple brought back about 1.5 million iPhones from India to the US last week, according to Reuters.

Some billionaires in the information technology sector are criticizing Trump's volatile policy announcements. Jamie Dimon, the head of JPMorgan Chase, has commented that a trade war with China and sanctions will increase inflation and risk an economic recession. Elon Musk, who is close to Trump, has also expressed his displeasure with Peter Navarro, the White House's trade adviser, on Tariq. Musk's brother Kimble Musk, who is also a Tesla board member, also criticized the tariffs, calling them a "structural, permanent tax on the American consumer."