Nvidia CEO in Beijing as US tech curbs, trade war threaten sales

Nvidia this week said it expected a $5.5 billion earnings hit this quarter due to a new US licensing requirement on GPUs (graphics processing units) with bandwidths similar to the H20, the primary chip it could legally sell in China. Shares of the company slumped around seven percent on Wednesday. In Beijing on Thursday, Huang met with Ren Hongbin, head of the China Council for the Promotion of International Trade, telling him that "China is a very important market for Nvidia", according to state broadcaster CCTV.