Shortly before Huang’s visit to Beijing today, the company disclosed that the U.S. government had restricted its ability to sell H20 chips to Chinese customers. Nvidia stated on Tuesday that it expects to take a $5.5 billion charge as a result of the regulatory change.

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

Nvidia CEO Jensen Huang returned to China this week in a markedly more high-profile visit than before. According to the , he is expected to meet with DeepSeek founder Liang Wenfeng to explore the joint development of next-generation AI chips tailored for China—designed to align with export controls imposed by both Washington and Beijing.