Jensen Huang: NVIDIA has essentially handed over the Chinese 🇨🇳 market to domestic competitors like Huawei, and investors are advised not to hold high expectations for recent approval to enter China.

Amid the decoupling of U.S.-China technology and export control storms, NVIDIA co-founder Jensen Huang has agreed to join the Advisory Committee of the School of Economics and Management at Tsinghua University.
The advisory committee is currently chaired by Apple CEO Tim Cook. Huang's low-profile move highlights that, in the dire situation where NVIDIA's high-end AI chips are fully banned from being sold to China, he still strives to maintain grassroots ties with China's political and business circles through civilian and academic channels.
The Tsinghua SEM Advisory Committee was founded by former Chinese Premier Zhu Rongji in 2000 and is now one of the few elite forums that can gather top Chinese and American business and academic leaders.
The member list includes 65 global giants, including Tesla's Elon Musk, Microsoft's Satya Nadella, Facebook's Mark Zuckerberg, as well as leaders from financial institutions like JPMorgan Chase and BlackRock.
The committee holds an annual meeting in Beijing, providing a valuable communication channel directly between multinational business leaders and Chinese high-level decision-makers. Chinese senior leaders have also met with committee representatives multiple times.
Huang's decision to join the committee is set against the backdrop of NVIDIA's unprecedented difficulties in the Chinese market.
Due to the tightening chip export bans by the U.S. government, NVIDIA's low-performance H20 chips, customized specifically for China, were completely banned from sale last April, and the import of more advanced H200 chips has been restricted by policies aimed at protecting domestic industries in China.
Last week, Huang publicly admitted that NVIDIA has basically handed over the Chinese market to domestic competitors like Huawei, and advised investors not to expect much from recent approval processes for entering China.
However, Huang also emphasized that NVIDIA has been deeply involved in the Chinese market for 30 years, with a large customer and partner base, and is eager to serve the Chinese market again at any time.