Vice-Premier He Lifeng met Nvidia CEO Jensen Huang in Beijing on Thursday and invited United States companies including the chipmaker to ramp up their presence in China.
He said the Chinese market offers immense potential for investment and consumption and, with China's accelerated industrial transformation and upgrading, it is an ideal place for the latest technological revolution and industrial transformation.
The vice-premier said China remains fertile ground for foreign enterprises in investment and trade.
And he said U.S. companies are welcome to increase their presence in China, leveraging their industrial strengths and capabilities to gain a competitive edge in the global arena.
Huang expressed optimism about China's economic prospects and reaffirmed Nvidia's commitment to expand its footprint in China and play a positive role in advancing China-U.S. economic and trade collaboration.
During a meeting in Beijing on Thursday with Ren Hongbin, chairman of the China Council for the Promotion of International Trade, Huang acknowledged there are significant business impacts from tightened U.S. chip export controls.
Huang said the ongoing AI revolution – arguably the most transformative technology of the era – is driving unprecedented innovation across industries worldwide. As nations accelerate AI adoption and capability-building, these dynamics are reshaping global market landscapes, including China's, he added.
Highlighting Nvidia's 30-year collaboration with China, Huang said China's market has been instrumental in the company's growth. Its vast consumer base, thriving industrial ecosystem, and cutting-edge software capabilities continuously fuel its innovation cycle, he said.
The CEO credited China's market dynamics with driving Nvidia's increased R&D investments and enhancing its global competitiveness through deep-rooted partnerships with Chinese technology enterprises.
Huang added that the company remains committed to optimizing its product portfolio within regulatory frameworks, to sustainably serve Chinese clients.
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