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Trump Says Didn’t Talk Nvidia Blackwell Chips for China With Xi

Trump denied discussing Nvidia's advanced Blackwell chip sales with Xi, despite ongoing US export controls limiting China's access to cutting-edge AI semiconductors.

  • On Oct 30, President Donald Trump said he discussed chip access with Xi, signaling efforts to clear a blockade on H20 and another Nvidia AI semiconductor, helping Nvidia reach a $5 trillion market value on Wednesday.
  • Policymakers tightened controls after officials warned that advanced AI chips could give Beijing a military edge, while American authorities issued licences for downgraded H20 processors this summer and Beijing discouraged Chinese firms from using them.
  • The Blackwell series, Nvidia's top offering, far exceeds processors banned from sale to China in 2022, but Nvidia has not published specifications or requested export permits for Blackwell processors.
  • Financial effects followed, including writedowns and forecast changes, as Jensen Huang, Nvidia chief executive officer, said China blocked shipments despite U.S. licences and President Donald Trump proposed a 15 per cent revenue cut.
  • The future for Blackwell chips is uncertain after President Donald Trump told reporters `we're not talking about the Blackwell` despite pledging to discuss it with Xi.
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Chief Executive Officer North America broke the news in on Wednesday, October 29, 2025.
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