Nvidia CEO Jensen Huang touched down in Taipei on Friday to meet with Taiwan Semiconductor Manufacturing Company (TSMC), the key builder behind the company’s most advanced chips. The visit was brief but timed right before Nvidia’s upcoming earnings report next Wednesday.

A new report claims that Nvidia might be winding down production of the China-only HGX H20 AI chip following claims that the chips is "unsafe" according to China's CAC.

However, Huang's extensive lobbying paid off. Nvidia agreed to a 15% revenue-sharing agreement with the U.S. government, which allowed the company to resume sales of the H20 chip to China. While the deal could weigh on Nvidia's margins, it marks the continuation of a potentially lucrative opportunity, but there's more good news.

US policy shifts and sharp rhetoric have turned Nvidia’s chip sales into a flashpoint, fuelling China’s mistrust and push for tech self-reliance

Nvidia shares slipped 1.1% in early trading as Wall Street digested the latest blow to its China business, which pulled in $17 billion last year.

Taiwan Semiconductor Manufacturing Co. (TSM) reportedly received praise from Nvidia Corp.(NVDA) CEO Jensen Huang during the latter’s visit to Taiwan on Friday. According to a CNBC report, Huang described any investor aiming to take a stake in the Taiwanese chipmaker as ‘very smart.

Nvidia CEO Jensen Huang stated that AI will progress regardless of US support, referencing the Trump administration's approval for Nvidia to sell a key AI chip to China.

Nvidia was blindsided earlier this year when the US government enacted tougher restrictions on selling artificial intelligence chips to China. The restriction prevented Nvidia from selling its H20 chip within the Middle Kingdom,