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Trump Says Nvidia Chip Talks With Xi Didn’t Cover Blackwell
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October 30, 2025
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2:46Now PlayingTyler Kendall, Bloomberg Washington Correspondent, recaps President Trump's meeting with Chinese President Xi Jinping.
US President Donald Trump said he didn’t discuss approving sales of Nvidia Corp.’s Blackwell chips to China with his counterpart Xi Jinping, dampening speculation that Washington will allow exports of the powerful AI accelerators to the world’s largest semiconductor market.
Trump said he and Xi talked about Nvidia’s access to China in general and that the chipmaker would continue conversations with Beijing, which has discouraged domestic firms from using less-advanced Nvidia processors that Washington already approved for sale. “We did discuss chips,” Trump told reporters aboard Air Force One. “They’re going to be talking to Nvidia and others about taking chips.”
Asked specifically whether the US would authorize exports of downgraded Blackwell accelerators, a possibility Trump first suggested months ago, the US president said “we’re not talking about the Blackwell.”
Trump’s comments came a day after he said he’d discuss that lineup of products with Xi, as part of broader talks aimed at securing a trade deal between the world’s two largest economies. Those earlier remarks triggered hope among investors — and fear among many China hawks — that Washington would green-light sales of better American AI chips than China’s ever been able to access. That helped drive a stock rally that made Nvidia the first company to hit a $5 trillion market value.
China is the biggest market for semiconductors, and Nvidia’s products are the industrial standard for training and running large-language models such as OpenAI’s ChatGPT. The Blackwell family of chips is Nvidia’s top offering, with capabilities that far exceed those of processors the US effectively banned from sale to China in 2022. Policymakers under Trump and his predecessor have several times escalated those controls, imposed over concerns that advanced AI could lend Beijing a military edge.
Nvidia Chief Executive Officer Jensen Huang has lobbied aggressively against the US restrictions, which he says will only aid the rise of Chinese chip champions like Huawei Technologies Co. Shipping Blackwell chips to China would mark a major win for the tech chief, a significant concession to Beijing, and a dramatic departure from the Trump administration’s own stated approach to tech competition with the Asian country.
Huang, asked Thursday about the leaders’ meeting, said he has “every confidence that the two presidents had very good conversation. It doesn’t have to involve anything that I do. They have very big projects, very big discussions between the United States and China.”
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