And the crown jewel of this is Nvidia's AI chips, known as graphics processing units (GPUs). They drive key AI tasks such as training and inferencing -- and importantly, they are the world's most powerful and sought-after accelerators.

On Friday, Shanghai Mayor Gong Zheng welcomed Huang, highlighting the city’s investor-friendly policies and industrial strength. Huang, in turn, called Shanghai a vital part of Nvidia’s global research and development footprint, citing the city’s market scale, sophisticated client base, and mature tech ecosystem as core advantages, the report adds.

Jensen Huang is balancing Nvidia’s growing U.S. manufacturing push with efforts to preserve key partnerships in China amid rising trade tensions.