NVIDIA CEO Jensen Huang and U.S. President Donald Trump shake fingers at an ‘Investing in America’ occasion in Washington, D.C., U.S., April 30, 2025.
Leah Millis | Reuters
Nvidia CEO Jensen Huang will be part of President Donald Trump next week on a state visit to the U.Okay., an individual accustomed to the plans advised CNBC’s Kristina Partsinevelos on Monday.
The individual requested to stay nameless as a way to focus on the journey.
The Nvidia chief is considered one of a number of U.S. enterprise leaders who’re anticipated to accompany Trump, together with OpenAI’s Sam Altman, Blackstone CEO Stephen Schwartzman, and BlackRock CEO Larry Fink, according to Sky News, which first reported the journey.
Apple CEO Tim Cook was invited, in keeping with the report.
The luminaries are anticipated to hitch Trump at a state banquet hosted by King Charles scheduled for next week, in keeping with Sky News.
Though Huang was notably absent from Trump’s White House dinner for tech CEOs final week, his attendance on the U.Okay journey highlights how dedicated the chipmaker is to managing its relationship with the president as Nvidia seeks new licenses to promote its current-generation Blackwell chips in China.
Since the corporate’s entry to the Chinese market was thrown into query earlier this yr, Huang has developed an in depth relationship with Trump, praising the president’s dedication to U.S. manufacturing.
Huang has tried to persuade the president that permitting Nvidia to export its chips to China is nice for U.S. nationwide safety as a result of it implies that the U.S. will proceed main the AI race.
Trump has praised Nvidia for being a technological chief, and was happy when the corporate topped a $4 trillion market cap, Huang beforehand stated.
Nvidia stated earlier this yr that its entry to the Chinese market had been minimize off by the Trump administration utilizing export controls. Huang then met with Trump on the White House twice over the summer season and secured export waivers for its China AI chip, known as the H20.
Trump stated that he negotiated a 15% minimize of these chip gross sales with Huang. Nvidia stated final month that particulars of the U.S. authorities’s minimize had not been finalized.
Huang additionally joined Trump on a visit to Saudi Arabia for an funding discussion board in May.
Nvidia beforehand stated it needed to scrap H20 chips that would have accounted for $8 billion in gross sales in a single quarter. It stated it may promote as a lot as $5 billion of the H20 chips this quarter, relying on the geopolitical surroundings.
But Nvidia is now focusing on getting licenses to promote newer chips to China, and Huang advised traders final month there’s a “real possibility” that it may possibly get approval.