Nvidia CEO Jensen Huang visits China, praises its electric vehicles and tech innovation, calls Xiaomi a miracle, and hopes for stronger US-China tech ties.

Nvidia Corp.’s Jensen Huang spent months telling everyone what a grave mistake the US was making restricting shipments of artificial intelligence processors to China — with little sign that his argument was swaying anyone.

Nvidia is set to recoup billions of dollars in revenue as the Trump administration has signaled it will grant licenses for the company to resume sales of its AI chips to China after a surprise export ban in April.

Jensen Huang, the chipmaker’s chief executive, is trying to balance his company’s interests as the United States and China compete for supremacy in artificial intelligence.

The sales resumption of Nvidia's H20 processors and Advanced Micro Devices' (AMD) MI308 chips in China is expected to ease the anxiety of local artificial intelligence companies, according to analysts.