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NVIDIA CEO Jensen Huang met with President Donald Trump earlier today, reports CNBC's Kristina Partsinevelos, after the firm hit back against kill switches in its GPUs in an earlier blog post. NVIDIA, the most valuable company in the world, is at the center of the global technology industry's attention due to its AI GPUs and their sales restrictions. Its recent blog post came after an earlier announcement shared that the firm expected the Trump administration to grant China AI GPU export licenses, and while the content of Huang's meeting with Trump is unclear, it could revolve around the license approvals and kill switches inside the GPUs.
NVIDIA CEO Meets With Trump As AMD CEO Confirms China GPU Licenses Have Not Been Granted
While the Trump administration has decided to process China AI GPU licenses, it is unclear while NVIDIA has started to receive them. The firm's smaller rival, AMD, has yet to receive licenses for the chips that were restricted for sale to China earlier this year; a fact that its CEO, Lisa Su, confirmed in an interview earlier today. As a result, NVIDIA could be waiting for the license approval, with a key bargaining point being backdoors, as it tries to secure approval for the Chinese products.
Huang's visit to the White House comes as Apple CEO Tim Cook is also expected to be present there to announce a $600 billion investment package in the US. The package is expected to add $100 billion to Apple's earlier investment, with the firm's shares rising by 6% today on the news.
Apple has run into trouble with the Trump administration as its efforts to shift production to India from China have come right when the US government is increasing the pressure on the country to stop buying Russian oil. As a result, the shares gained today as investors expected a thaw in its relations with the government.
Since CNBC spotted Huang at the White House with a camera placed to note Cook's arrival, it's unclear why the CEO is meeting with the president. However, given the current environment surrounding its China GPUs, potential backdoors and license approvals, it's likely that these could be the talking points on the agenda.
NVIDIA has already announced a $500 billion AI data center infrastructure investment in the US, which makes it unlikely that the firm could announce more investments later during the afternoon.
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