Nvidia Corp (NASDAQ:NVDA, ETR:NVD) CEO Jensen Huang hopes the chipmaker can start to sell more advanced chips to China beyond the currently approved H20 chip as US export restrictions are updated over time.
The company on Tuesday revealed it will soon resume selling its H20 graphics processing units (GPUs) in China following assurances from the US government, which halted exports in April.
Speaking in Beijing on Wednesday, Huang said that as technology keeps advancing, it is reasonable to expect that the capabilities of chips allowed to be sold in China will improve over time.
“I hope to get more advanced chips into China than the H20,” Huang said in response to a CNBC question, “and the reason for that is because technology is always moving on. It’s not like wood.”
Speaking to the lifting of the H20 ban, Huang rejected the notion that he was able to sway US President Donald Trump.
“In terms of the H20 ban and the lifting of the ban, it was completely in control of the US government and China government. The discussion has nothing to do with me,” Huang said.
“It’s my job to inform the President about what I know very well, which is the technology industry, artificial Intelligence, the developments of AI around the world.”
Huang expressed optimism about resuming shipments but noted it might take months to fully restart production and fulfill orders.
Shares of Nvidia were little changed at $170 on Wednesday, having gained almost 27% in the year to date.