Nvidia CEO May Visit China Next Week Following Musk and Dimon

BEIJING, June 2 (TiPost)— Another U.S. tech tycoon will visit China. The latest one could be head of Nvidia, the semiconductor giant that produces specialized chips to empower the new generation of artificial intelligence (AI) products. 

Source: Visual China

Nvidia CEO Jensen Huang could arrive in Shanghai on June 6, or next Tuesday, the national newspaper Shanghai Securities News learned from person related to the company on Friday. This is the first time for a state-owned media outlet to report Huang’s possible travel schedule in China. During a travel to mainland China this month, Huang will visit a group of Chinese firms, such as Tencent Holdings Ltd., one of China’s most valuable tech companies, TikTok parent ByteDance Ltd.,smartphone behemoth Xiaomi Inc., electric vehicle (EV) leader BYD Co. Ltd. and its peer Li Auto Inc., China Entrepreneur, a magazine under another state-run newspaper the Economic Daily, reported later that day, citing people familiar with the matter.

These reports echoed news earlier this week. Huang planned to travel to mainland China for the first time in years in June after a trade show in Taiwan this week, Bloomberg reported on Wednesday. Tencent and ByteDance are reportedly to be included in companies on Huang’s itinerary, and the executive hasn’t finalized his plans or details of his visit. Huang said on Thursday he hadn’t decided yet, answering a question about whether to head to mainland China following his trip to Taiwan.  

Nvidia is the semiconductor designer that dominates the market for artificial intelligence (AI) chips, which empower AI systems including the large language model behind ChatGPT. Huang recently warned U.S.’s dangerous attempts to further curb China’s development.

Huang said he sees the potential for “enormous damage” to U.S. companies if the chip war with China escalates during an interview with the Financial Times last month. “If we are deprived of the Chinese market, we don’t have a contingency for that,” he said. “There is no other China, there is only one China.” Earlier this week, Huang warned not to underrate China’s ability to catch up in chips as China will cultivate its own chip firms in response with tensions with U.S. he also said he feels “perfectly safe” about relying so much on chip powerhouse Taiwan for manufacturing.

If Shanghai Securities News’ sources were accurate, Huang would be the business titan to visit mainland China right after Tesla CEO Elon Musk and JPMorgan CEO Jamie Dimon, both of whom expressed their opposition on cutting ties with China.

The United States and China share intertwined and inseparable interests, and Tesla opposes decoupling, Musk remarked when he met with Chinese State Councilor and Foreign Minister Qin Gang on Tuesday.  The executive said Tesla is willing to continue to expand its business in China, and share the country’s development opportunities.

Talking with Minister of Commerce Wang Wentao, Musk agreed that the relationship between the United States and China is not a zero-sum game. He appreciated Beijing’s support and guarantee for Tesla’s Shanghai factory during the Covid-19 pandemic, and praised the vitality and potential of China’s development. He expressed full of confidence on Chinese market and willingness to continue deepening mutually beneficial cooperation.

Dimon called on “real engagement” on security and trade issues for policymakers of Beijing and Washington at JPMorgan’s annual Global China Summit in Shanghai. As the top executive at JPMorgan since 2005, Dimon advocated for derisking instead of decoupling from China. “Let’s not try to decouple. Let’s not try to hurt China, the Chinese people,” Dimon said. He asserts disputes between the two leading economies over security and free and fair trade all “resolvable”. He also said his bank will be in China in both good and bad times despite of rising China and U.S. tensions.

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