Nvidia boss Jensen Huang reportedly met with the founder of Deepseek on a surprise trip to Beijing on Thursday. A House committee has revealed an investigation into whether it violated strict export rules for sales to China.
A meeting with Huang’s Deepseek boss Liang Wenfeng included a talk related to “New chip designs for Chinese customers.” Financial Times reportedcites two sources who are familiar with his schedule. Nvidia’s CEO met separately with his Lifeng, the deputy prime minister of China, and other top trade officials.
The visit was heavily covered by Chinese state media, reporting that Huang emphasized the importance of the Chinese market to the company’s success.
“We hope to continue working with China,” fans said, according to China’s state broadcaster CCTV.
Huang’s trip to Beijing could further surprise concerns about Capitol Hill. Lawmakers have already expressed fear that Nvidia’s advanced chips are helping Deepseek and other Chinese companies catch up with the US in AI races.
Nvidia representatives did not immediately return a request for comment on the post.
Nvidia’s shares fell 1% in early trading on Thursday.
The company’s shares have plummeted about 25% since the start of the year, along with wider market turmoil related to President Trump’s tariffs.
Many experts, including Trump administration’s Ai Czar David Sacks and Elon Musk, have questioned Deepseek’s claim that they train AI models for under $6 million and do not have access to Nvidia’s most sophisticated chips.
On Wednesday, China’s House Selection Committee revealed it was investigating whether Nvidia’s chip sales to Asia violated US rules.
The panel was also labelled Deepseek as a “deep threat” to US national security. [Nvidia] Chips are currently restricted from exports to PRC. ”
Earlier this week, the Trump administration took the unexpected step to limit sales of Nvidia’s H20 computer chips to China.
The less powerful tip was created specifically to skirt existing US export controls with a more sophisticated design.
Nvidia said it is expected to receive a $5.5 billion hit as a result of the new ban.
Scrutiny of Nvidia’s operations is accelerated against the backdrop of Trump’s growing trade war with China.
The president is slapping 145% total tariffs on imports from China.
Beijing is retaliating with a 125% tariff on US goods.
