Overview
- Jensen Huang said there are no active discussions to sell Blackwell datacenter GPUs in China and that Nvidia is not planning shipments there.
- U.S. policy continues to bar the most advanced AI chips from China, and President Donald Trump signaled no change after recent talks with Xi Jinping.
- Huang reported very strong global demand for Blackwell and said Nvidia has requested more wafers from TSMC, which CEO C.C. Wei confirmed without detailing volumes.
- Huang warned that China holds structural advantages in AI deployment, citing extensive energy subsidies that make power costs unusually low for local data centers.
- Nvidia has a provisional arrangement to resume some older Hopper-based shipments to China with a 15% revenue share to the U.S., though implementing rules have not been finalized, as Beijing encourages domestic chip adoption.