WASHINGTON, USA – Nvidia CEO Jensen Huang came to Washington on Tuesday, October 28, with a message for the Trump administration: the US can win the AI battle if the world, including China’s massive developer base, runs on Nvidia systems.
In his address at the first Nvidia developers’ conference held in Washington, Huang walked a fine line between praising President Donald Trump, whose “America First” agenda Huang credited with spurring greater investment in US manufacturing and AI leadership, and risking further antagonism of China.
Huang said the artificial intelligence chip leader will build seven new supercomputers for the US Department of Energy and had $500 billion in bookings for advanced chips, but also lamented that the Chinese government has shut it out of its market.
Nvidia is at the core of the global AI rollout, and it is striking deals around the world while also navigating a US-China trade war that could determine which country’s technology is most used globally.
Huang said his company had not applied for US export licenses to send its newest chips to China because of the Chinese position.
US administrations have swung back and forth on allowing Nvidia’s advanced chips into China, debating whether access would increase Chinese dependence on US tech or boost China’s military and tech sectors.
Huang praised Trump while announcing new products and deals, including:
- Network technology enabling Nvidia AI chips to work with quantum computers
- A telecom deal with Finland’s Nokia
- Self-driving car technology with Uber and Stellantis
The supercomputers Nvidia is building for the Energy Department will help the US maintain and develop its nuclear weapons arsenal and research alternative energy sources such as nuclear fusion.
Nvidia shares closed 5% higher at $201.03 on Tuesday.
Blake Anderson of Carson Group estimated that one supercomputer, “Solstice,” could feature Nvidia chips worth $3–4 billion, though federal discounts may lower the cost from the usual $30,000–$40,000 per Blackwell chip.
Among the deals Huang discussed:
- Nvidia will invest $1 billion for a 2.9% stake in Nokia
- New product line “Arc” for telecommunications equipment
- Collaboration with Nokia to improve 6G base station power efficiency
Nvidia also announced partnerships with:
- Palantir Technologies to improve logistics
- Uber to create a robotaxi network using its new self-driving platform “Hyperion”
Trump initially restricted Nvidia AI chip exports to China in his second term, but reversed course in July.
Huang has argued that Nvidia needs access to $50 billion in potential Chinese sales to fund US-based R&D and maintain its edge.
Chinese developers still want Nvidia chips, despite Beijing’s push for domestic alternatives like Huawei.
Nvidia is manufacturing chips in Arizona (via TSMC), assembling servers in Texas, and networking gear in California.
TSMC will bring its most advanced chip packaging tech to the US in the coming months.
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