NVIDIA CEO Jen-Hsun Huang to visit Tencent BYD International giants' collective visit to China brings positive signals

June 1 - According to several mainstream media reports, Nvidia CEO Jen-Hsun Huang plans to travel to mainland China this month to meet with executives from Tencent, Byte Jump and other companies. In addition, he will also visit companies such as Ideal Auto, BYD and Xiaomi.
　　As the world's leading computer graphics processor manufacturer, Nvidia has been actively seeking growth opportunities in the Chinese market. This trip by Jen-Hsun Huang also shows once again the importance NVIDIA attaches to the Chinese market.
　　For some time now, Apple CEO Cook, Pfizer CEO Eberle, Qualcomm President Ammon and other international business tycoons have been making appearances in China, Samsung head Lee Jae-yong, ASML President Peter Winnink, as well as Siemens, Mercedes-Benz Group Chairman Kang Lin-song, BMW Group Chairman Zipser and hundreds of other foreign executives, have been participating in China's high-level led economic summits. The day before yesterday, Musk visited China for the first time in three years, visiting the Beijing and Shanghai super factories. It is fair to say that it was full of rewards.
　　Tencent and ByteDance are two giants in China's internet industry, and working with them will help Nvidia further expand its business in the sector. Meanwhile, companies such as Ideal Auto, BYD and Xiaomi represent the leading players in China's new energy vehicle and smart home markets.
　　While Jen-Hsun Huang has yet to finalise his plans and details of his trip are still subject to change, the visit will undoubtedly provide important support for NVIDIA in its quest for more business opportunities.
　　Currently, Nvidia officials have made public that they are approaching Chinese customers to offer alternative products that are not subject to the ban. In November 2022, however, Nvidia launched a "China-specific" alternative to these two high-end chips, the The A800.
　　In an interview with the Financial Times on 24 May, Jen-Hsun Huang said the US should be cautious in this regard: "If we are deprived of the Chinese market, we have no contingency measures. Because there is no other China in the world, there is only one China."
　　It is reported that Nvidia, founded in 1993 and headquartered in the United States, became the world's highest market capitalisation chip company with an intraday market capitalisation of over US$1 trillion on 30 May local time.