By Trevor Hunnicutt WASHINGTON (Reuters) -Nvidia CEO Jensen Huang will meet U.S. President Donald Trump at the White House on Thursday, a day before the chip designer’s head plans to visit China, according to a source familiar with the matter. The meeting with Trump comes as Nvidia’s market value closed above $4 trillion for the […]
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Nvidia CEO Huang to meet Trump before China trip, source says
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By Trevor Hunnicutt
WASHINGTON (Reuters) -Nvidia CEO Jensen Huang will meet U.S. President Donald Trump at the White House on Thursday, a day before the chip designer’s head plans to visit China, according to a source familiar with the matter.
The meeting with Trump comes as Nvidia’s market value closed above $4 trillion for the first time on Thursday, cementing its status as one of Wall Street’s most sought-after stocks.
Details of the discussions between the two were not immediately available. The meeting was first reported earlier by Bloomberg.
Nvidia and the White House did not immediately respond to Reuters requests for comment.
Huang has criticized the export restrictions the Trump administration imposed in April that stopped Nvidia from selling its H20 chip made for the China market, which he called “a springboard to global success”.
The export curbs cost the artificial intelligence chipmaker $2.5 billion in sales during the first quarter and Nvidia expects a sales hit of $8 billion in the second quarter.
Nvidia would no longer include the China market in its revenue and profit forecasts after the stringent U.S. trade restrictions on chip sales to the region, Huang told CNN in June.
(Reporting by Trevor Hunnicutt in Washington and Juby Babu in Mexico City; Editing by Pooja Desai and Jamie Freed)