Jensen Huang, the CEO of Nvidia, met with President Donald Trump on Friday as the tech giant grapples with increasing competition from China and the looming threat of US tariffs on semiconductor imports.
The meeting comes after Nvidia faced significant losses on Wall Street, with stock values plunging due to trade restrictions and tariff concerns.
Trump indicated that the US would impose tariffs on computer chip imports, which could directly impact Nvidia, a company that relies heavily on imported components, particularly from Taiwan. Despite the tariffs, Trump described the meeting as “good” but reaffirmed his stance on the tariffs.
Nvidia’s high-end chips have already faced export restrictions to China as part of US efforts to curb China’s advancements in AI and other technologies. These restrictions were further scrutinised this week following the success of Chinese startup DeepSeek, which developed an AI model without using Nvidia’s H100 chips, which are blocked from exporting to China.

The rise of DeepSeek’s model sent shockwaves through the market, causing Nvidia’s stock to drop dramatically by nearly $600 billion—marking the largest single-day loss in Wall Street history.
In response, there have been reports that the Trump administration is considering expanding restrictions on Nvidia’s lower-end chips, which could exacerbate the company’s struggles.
In a statement, Nvidia expressed gratitude for the opportunity to meet with Trump and discuss the future of semiconductors and AI policy in the US, with a focus on maintaining American leadership in these critical sectors.
Huang’s meeting with Trump also comes amid broader tensions in the tech industry, with figures like Mark Zuckerberg, Jeff Bezos, and Elon Musk having received prominent roles during Trump’s inauguration, while Huang was notably absent.