By Jarrett Renshaw and Karen Freifeld
WASHINGTON (Reuters) -U.S. President Donald Trump will meet with Nvidia chief executive Jensen Huang at the White House on Friday, a White House official said, following reports the Trump administration is studying new ways to restrict AI chip sales to China.
Details about the meeting were not immediately available.
The meeting comes as the U.S. is set to further restrict AI chip exports to keep advanced computing power in the United States and among its allies, while looking for more ways to block China’s access. The new rules are scheduled to take effect this spring.
At the same time, worries are mounting that China is catching up to the United States in AI development. China’s DeepSeek last week launched a free assistant it says uses less data at a fraction of the cost of U.S. models.
Within days, DeepSeek became the most downloaded app in Apple’s App Store and stirred concerns about the United States’ lead in AI, sparking a rout that wiped around $1 trillion off U.S. technology stocks. At one point, shares of Nvidia, a top producer of AI chips, fell 17%.
The Trump administration is considering tightening restrictions on artificial intelligence leader Nvidia’s sales of its H20 chips designed for the China market, three people familiar with the matter told Reuters on Wednesday.
Conversations among Trump officials to restrict shipments of those chips to China are in early stages, the sources said, adding that the idea has been under consideration since Democratic former President Joe Biden’s administration. H20 chips can be used to run AI software and were designed to comply with existing U.S. curbs on shipments to China implemented by Biden.
Two U.S. lawmakers are also calling for more restrictions on exports of Nvidia’s artificial intelligence chips.
Republican John Moolenaar and Democrat Raja Krishnamoorthi, who lead the House of Representatives Select Committee on China, asked for the move as part of a Commerce and State Department-led review ordered by Trump to scrutinize the U.S. export control system in light of “developments involving strategic adversaries.”
In 2022, the Biden administration restricted sales of Nvidia’s most powerful AI chip, the H100, to China. Nvidia then released a new variant, the H800, which fell just below the export threshold, for the Chinese market. The H800 was restricted in 2023 and Nvidia came out with the H20 last year.
Reuters reported on Thursday that the U.S. Commerce Department is looking into whether DeepSeek has been using U.S. chips that are not allowed to be shipped to China.
(Reporting by Jarrett Renshaw; Writing by Doina Chiacu; Editing by Susan Heavey and Daniel Wallis)
Expedia Stock Drops as US Travel Pullback Hits Results
Arm’s Q1 Outlook Falls Short, Investors React