- Nvidia Corp (NASDAQ:NVDA) CEO Jensen Huang could visit Shanghai, the first visit in four years.
- Despite escalating geopolitical tensions, Nvidia CEO Jensen Huang may visit Shanghai on June 6.
- Huang may meet executives from Tencent Holding Ltd (OTC:TCEHY), TikTok owner ByteDance Ltd, smartphone giant Xiaomi Corp (OTC:XIACY) (OTC:XIACF), and automobile makers BYD Co, Ltd (OTC: BYDDF) (OTC: BYDDY) and Li Auto Inc (NASDAQ: LI), SCMP reports.
- The Taiwan-born American entrepreneur spent this week in Taiwan, having dinner with Morris Chang, founder of Taiwan Semiconductor Manufacturing Company Ltd (NYSE: TSM).
- Huang will likely meet the chairman of TSMC and Apple Inc (NASDAQ:AAPL) supplier Hon Hai Precision Industry Co Ltd (OTC: HNHPF) Foxconn Technology Group on Friday.
- Huang expressed immense confidence in China’s ability to catch up in chip technology despite the U.S. embargo at the Computex expo in Taipei.
- Huang had flagged immense damage to U.S. tech from its semiconductor chip embargo with China, one of the company’s biggest and most important markets.
- Huang said China made up roughly 33.33% of the U.S. tech industry’s market and would be indispensable as both a source of components and an end market for its products.
- China, including Hong Kong, accounted for more than 20% of Nvidia’s sales in its latest financial year ending January 2023, while Taiwan represented more than 25%.
- He emphasized how Chinese companies built their chips to rival Nvidia’s market-leading gaming, graphics, and artificial intelligence processors.
- Nvidia had altered its flagship product into a legal version to export to China.
- Price Action: NVDA shares traded higher by 1.33% at $402.99 premarket on the last check Friday.
- Photo via Wikimedia Commons
Decoding Nvidia CEO’s Visit to Shanghai: Impact on Gaming, Graphics, and AI Processor Market
Nvidia Corp (NASDAQ: NVDA) CEO Jensen Huang could visit Shanghai, the first visit in four years.
Despite escalating geopolitical tensions, Nvidia CEO Jensen Huang may visit Shanghai on June 6.
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