As Bloomberg describes, the head of a tech giant boarded Air Force One during a stopover in Alaskathus ending speculations about the alleged exclusion of his company from circles close to the White House.
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Presidential invitation from Anchorage
Huang was spotted on the tarmac at the Anchorage airport as he entered the presidential plane. Donald Trump confirmed the presence of the Nvidia leader on social media, emphasizing that the company of such outstanding business leaders is an honor for him. Elon Musk (Tesla), Tim Cook (Apple), Kelly Ortberg (Boeing) and David Solomon (Goldman Sachs) were also on board.
“I will ask President Xi, a leader of extraordinary distinction, to 'open' China so that these brilliant people can work their magic and help take the People's Republic of China to even greater heights!” — Trump wrote, announcing that this would be his first request during the summit.
White House spokesman Steven Cheung explained that Huang's schedule changed suddenly, and joining the delegation “just worked out”. According to people familiar with the matter, Trump personally called Huang in the morning asking him to join the trip, prompting the Nvidia executive to immediately fly to Alaska.
The stock market's reaction to Huang's departure to China was immediate – the company's shares increased by 2.3%. in off-session trading.
Nvidia breaks the ice and export controls
As the agency emphasizes, Huang's presence at Trump's side is of great political and market importance. Recently, the media speculated that Nvidia might be excluded from the delegation due to the controversy surrounding the sale of advanced AI chips to China. However, Huang became a regular in Washington, lobbying for the easing of export restrictions, which brought tangible results last December.
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Trump then agreed to deliver H200 AI chips to China, which was considered a significant loosening of restrictions aimed at cutting off Beijing from the most powerful American technologies. In exchange for consent to trade, the U.S. government is to receive 25 percent. fees on each H200 chip sold in the Chinese market.
Beijing's blockade and the future of AI
Despite lobbying successes in the US, the Department of Commerce points to a new problem: The Chinese government has so far not allowed its domestic technology companies to purchase the said H200 units. Huang's visit to Beijing is likely to help break this deadlock.
It's worth noting that Jensen Huang remains cautious when it comes to the most advanced technologies. He supported maintaining restrictions on Blackwell's cutting-edge processors and the upcoming Vera Rubin line, which is scheduled to debut later this year. In an official statement, Nvidia emphasized that its leader “is participating in the summit at the invitation of President Trump to support America and the goals of the administration.”
