The decision is in line with broader trade tensions between Washington and Beijing. Over the weekend, China declared an anti-dumping investigation into semiconductor manufacturing by US firms, including Texas Instruments Inc. The company’s share price on the news.
On Monday, US President Donald Trump confirmed plans to speak with Chinese President Xi Jinping at the end of the week. Treasury Secretary Scott Bessent acknowledged that officials had raised concerns over the timing of China’s investigation but emphasized that discussions covered a broader range of economic issues. Talks in Madrid spanned nearly six hours on the first day, touching on tariffs, , and market access.
Previously, the US had placed export bans on the most advanced AI chips made by NVIDIA for security reasons. NVIDIA also modified its chip designs to comply with the regulations, which could potentially lead to some sales in China. Recently, the Trump administration allowed NVIDIA and Advanced Micro Devices to sell certain AI products, while Beijing urged local agencies to avoid NVIDIA’s H20 accelerator.
