Nvidia's Strategic Move: Joining China's Supply Chain Expo

For the first time, U.S. chip powerhouse Nvidia is set to participate in the China International Supply Chain Expo in Beijing this July, as reported by Chinese state broadcaster CCTV.

The event, running from July 16 to 20, will feature over 230 new participants, offering Nvidia a chance to assert its presence in the Chinese market amid heightening U.S. export restrictions targeting advanced chip technology.

Although the expo typically doesn't yield major deals, it symbolizes a robust opportunity for international firms to reaffirm their engagement with China, even amidst escalating trade conflicts. Despite these tensions, American companies will form the largest group of foreign exhibitors, marking a 15% increase from last year's numbers.

(With inputs from agencies.)