Jensen Huang is presently on a visit to China. He touched down in Shanghai last Friday to attend NVIDIA China’s annual gathering and then made his way to Beijing and Shenzhen. According to individuals with insider knowledge of the situation, China has given the go - ahead for the import of the first batch of NVIDIA’s H200 artificial intelligence chips. This approval was granted during Jensen Huang’s China visit and encompasses hundreds of thousands of chips. The initially approved quota has mainly been earmarked for three prominent Chinese internet firms. Other enterprises will have to bide their time and wait in line for subsequent approvals. At present, it’s still up in the air as to how many companies will receive approval in the following rounds. Chinese Foreign Ministry spokesperson Guo Jiakun has remarked that China is a strong advocate of mutually beneficial cooperation between China and the United States.