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Nvidia CEO Hopes to Sell Blackwell Chips in China but Says Decision Rests with Trump

Nvidia CEO Jensen Huang said on Friday that he hopes the company’s latest Blackwell AI chips can eventually be sold in China, but acknowledged that the decision ultimately depends on U.S. President Donald Trump. Speaking during his first official visit to South Korea in over a decade, Huang expressed optimism following recent talks between Trump and Chinese President Xi Jinping but said he was not briefed on their discussion details.

Trump told reporters after the meeting that semiconductors were discussed and that China “will be talking to Nvidia and others about taking chips,” but clarified, “We’re not talking about the Blackwell.”

Huang emphasized that restoring Nvidia’s presence in China would benefit both nations. “We’re always hoping to return to China. It’s in the best interest of the United States and of China,” he said.

Tensions over China’s access to Nvidia’s high-end chips remain a major flashpoint in U.S.-China relations. Washington has placed export restrictions on Nvidia’s most advanced AI processors to curb Beijing’s technological and military advancements. Huang has previously urged the Trump administration to relax those restrictions, arguing that Chinese reliance on U.S. hardware strengthens America’s influence.

Nvidia is developing a new chip for the Chinese market based on its Blackwell architecture that will comply with U.S. regulations but remain more capable than current export-approved models. However, Beijing has cooled toward Nvidia’s offerings, instead backing domestic alternatives like Huawei, which has recently announced plans to compete head-to-head with Nvidia in AI hardware.

Trump expected to greenlight TikTok U.S. deal via executive order this week

President Donald Trump is expected to approve a long-awaited deal to secure TikTok’s future in the U.S. through an executive order later this week, the Wall Street Journal reported, citing a senior White House official. The move would bring months of tense U.S.–China negotiations to a close and establish the legal framework for the app to continue operating in America.

The agreement requires TikTok’s U.S. assets to shift under American ownership and management. According to officials, the app’s core algorithm will be “secured, retrained, and operated in the United States outside of ByteDance’s control.”

Key details of the deal include:

  • A new U.S.-based entity will oversee TikTok operations, with a board comprised of directors experienced in national security and cybersecurity.

  • American investors—including media executive Lachlan Murdoch, Oracle co-founder Larry Ellison, and Dell chairman Michael Dell—will play a major role.

  • U.S. firms Oracle and Silver Lake will control about 50% of the new company.

  • Existing investors, such as Susquehanna International, will hold around 30%.

  • ByteDance’s ownership stake will drop below 20%.

To safeguard user data, all information from American TikTok accounts will be stored on U.S.-based cloud infrastructure run by Oracle.

The expected approval reflects Trump’s insistence on limiting Chinese influence over TikTok while keeping the popular video app available to its tens of millions of U.S. users.

Trump says Murdoch, Ellison, Dell lined up as investors in TikTok U.S. deal

U.S. President Donald Trump said on Sunday that Lachlan Murdoch, Larry Ellison, and Michael Dell would be among the American investors involved in a proposed deal to keep TikTok operating in the United States.

The arrangement is part of ongoing negotiations to transfer TikTok’s U.S. assets away from China’s ByteDance to a U.S.-controlled entity. The app, with 170 million U.S. users, has been at the center of Washington’s national security concerns and a 2024 law requiring divestiture by January 2025.

Key details of the proposed deal:

  • Ownership structure: TikTok’s U.S. operations would be majority-owned by American investors, with ByteDance holding under 20% of shares.

  • Governance: The U.S. entity would be operated domestically by a board with national security and cybersecurity credentials.

  • Investors:

    • Lachlan Murdoch, CEO of Fox Corp, through Fox (not personally). Rupert Murdoch, 94, may also play a role.

    • Larry Ellison, Oracle co-founder and major Republican donor, has long been linked to TikTok negotiations.

    • Michael Dell, CEO of Dell Technologies.

  • Data & algorithm safeguards: All U.S. user data will be stored on Oracle cloud infrastructure, with TikTok’s algorithm retrained and operated under U.S. supervision outside of ByteDance’s control.

Trump’s comments:

Trump praised the investors on Fox News’ The Sunday Briefing, calling them “American patriots” and saying, “I think they’re going to do a really good job.” He also credited TikTok with helping him build youth voter support during the 2024 election.

Political and economic context:

  • The deal remains under scrutiny by Congress, with Democrats warning against giving Beijing influence or allowing Trump’s allies too much control.

  • Trump has delayed enforcement of the shutdown law until December, with a possible extension into April 2025 to finalize terms.

  • The deal is being folded into broader U.S.-China economic talks, reflecting Trump’s transactional approach.

  • It follows other unusual Trump administration interventions in business, such as taking a 10% U.S. stake in Intel and approving Nvidia chip sales to China in exchange for a cut of sales.

Critics argue these maneuvers deviate from free-market norms, while Trump insists they strengthen U.S. leverage and protect national interests.