The United States could eventually let Nvidia sell its most powerful computer chips to Chinese companies, Treasury Secretary Scott Bessent said Tuesday. He also laid out a busy schedule of meetings between President Donald Trump and Chinese President Xi Jinping next year. Bessent called Nvidia’s Blackwell chips the “crown jewel” when he spoke to CNBC on Tuesday morning. But he said technology moves so fast that these chips could become less special pretty quickly. That might create an opening to sell them to China down the road. “If we think about the Blackwell now, they’re the crown jewel,” Bessent said. “What you’re describing is actually the pace that the technology is moving, not the pace that the negotiations are moving. So there may be a case down the road.” Asked about timing, Bessent wasn’t sure but threw out a timeframe. “I don’t know whether it’s 12 or 24 months,” he said. “Given the incredible innovation that goes on at Nvidia, where the Blackwell chips may be 2, 3, 4 down their chip stack in terms of efficacy, and at that point, they could be sold on.” Multiple high-level meetings planned Bessent also talked about what’s coming up between the two leaders. Trump and Xi could meet next year at a Group of 20 event in December 2026 at Trump’s golf resort in Doral, Florida. There’s also a possible meeting at an Asia Pacific Economic Cooperation conference in China in November. That’s on top of two state visits already in the works for next year. “I think we’re going to have two state visits next year,” Bessent told CNBC. “President Trump will be going to Beijing and Xi will be coming to the US. And they may also see each other at the G-20 in Doral and then the APEC conference in Shenzhen in November.” Bessent said things between Washington and Beijing are getting better. “The US-China relationship is on a much more even keel now,” he said. Tech giant navigates uncertain waters Huang gave more details when he talked to reporters Friday. Asked straight up whether Nvidia would sell AI accelerators from the Blackwell family, he said, “I don’t know. I hope so someday.” He mentioned that chip sales didn’t come up when he met with Ren Hongbin, who heads the China Council for the Promotion of International Trade. Blackwell is Nvidia’s latest batch of artificial intelligence semiconductors. It’s become a big topic in trade talks between the US and China. But selling these products wasn’t part of what Trump and Xi talked about this week. Trump made it clear that Nvidia and Chinese officials need to keep talking on their own about whether the $5 trillion company can get into the Asian market. This whole thing shows how tricky it is for American officials to handle technology exports while trying to keep economic ties with China going. The back-and-forth over semiconductor exports has made things complicated for both governments and tech companies trying to work within the rules. Chinese tech companies still want to buy Nvidia’s products even though governments on both sides are putting pressure on them. How chip sales get sorted out remains one of the biggest things people are watching in US-China relations. Want your project in front of crypto’s top minds? Feature it in our next industry report, where data meets impact.The United States could eventually let Nvidia sell its most powerful computer chips to Chinese companies, Treasury Secretary Scott Bessent said Tuesday. He also laid out a busy schedule of meetings between President Donald Trump and Chinese President Xi Jinping next year. Bessent called Nvidia’s Blackwell chips the “crown jewel” when he spoke to CNBC on Tuesday morning. But he said technology moves so fast that these chips could become less special pretty quickly. That might create an opening to sell them to China down the road. “If we think about the Blackwell now, they’re the crown jewel,” Bessent said. “What you’re describing is actually the pace that the technology is moving, not the pace that the negotiations are moving. So there may be a case down the road.” Asked about timing, Bessent wasn’t sure but threw out a timeframe. “I don’t know whether it’s 12 or 24 months,” he said. “Given the incredible innovation that goes on at Nvidia, where the Blackwell chips may be 2, 3, 4 down their chip stack in terms of efficacy, and at that point, they could be sold on.” Multiple high-level meetings planned Bessent also talked about what’s coming up between the two leaders. Trump and Xi could meet next year at a Group of 20 event in December 2026 at Trump’s golf resort in Doral, Florida. There’s also a possible meeting at an Asia Pacific Economic Cooperation conference in China in November. That’s on top of two state visits already in the works for next year. “I think we’re going to have two state visits next year,” Bessent told CNBC. “President Trump will be going to Beijing and Xi will be coming to the US. And they may also see each other at the G-20 in Doral and then the APEC conference in Shenzhen in November.” Bessent said things between Washington and Beijing are getting better. “The US-China relationship is on a much more even keel now,” he said. Tech giant navigates uncertain waters Huang gave more details when he talked to reporters Friday. Asked straight up whether Nvidia would sell AI accelerators from the Blackwell family, he said, “I don’t know. I hope so someday.” He mentioned that chip sales didn’t come up when he met with Ren Hongbin, who heads the China Council for the Promotion of International Trade. Blackwell is Nvidia’s latest batch of artificial intelligence semiconductors. It’s become a big topic in trade talks between the US and China. But selling these products wasn’t part of what Trump and Xi talked about this week. Trump made it clear that Nvidia and Chinese officials need to keep talking on their own about whether the $5 trillion company can get into the Asian market. This whole thing shows how tricky it is for American officials to handle technology exports while trying to keep economic ties with China going. The back-and-forth over semiconductor exports has made things complicated for both governments and tech companies trying to work within the rules. Chinese tech companies still want to buy Nvidia’s products even though governments on both sides are putting pressure on them. How chip sales get sorted out remains one of the biggest things people are watching in US-China relations. Want your project in front of crypto’s top minds? Feature it in our next industry report, where data meets impact.

Treasury Secretary Scott Bessent says the US might allow sales of Nvidia's Blackwell chips to China

2025/11/04 23:03

The United States could eventually let Nvidia sell its most powerful computer chips to Chinese companies, Treasury Secretary Scott Bessent said Tuesday. He also laid out a busy schedule of meetings between President Donald Trump and Chinese President Xi Jinping next year.

Bessent called Nvidia’s Blackwell chips the “crown jewel” when he spoke to CNBC on Tuesday morning. But he said technology moves so fast that these chips could become less special pretty quickly. That might create an opening to sell them to China down the road.

“If we think about the Blackwell now, they’re the crown jewel,” Bessent said. “What you’re describing is actually the pace that the technology is moving, not the pace that the negotiations are moving. So there may be a case down the road.”

Asked about timing, Bessent wasn’t sure but threw out a timeframe. “I don’t know whether it’s 12 or 24 months,” he said. “Given the incredible innovation that goes on at Nvidia, where the Blackwell chips may be 2, 3, 4 down their chip stack in terms of efficacy, and at that point, they could be sold on.”

Multiple high-level meetings planned

Bessent also talked about what’s coming up between the two leaders. Trump and Xi could meet next year at a Group of 20 event in December 2026 at Trump’s golf resort in Doral, Florida. There’s also a possible meeting at an Asia Pacific Economic Cooperation conference in China in November.

That’s on top of two state visits already in the works for next year. “I think we’re going to have two state visits next year,” Bessent told CNBC. “President Trump will be going to Beijing and Xi will be coming to the US. And they may also see each other at the G-20 in Doral and then the APEC conference in Shenzhen in November.”

Bessent said things between Washington and Beijing are getting better. “The US-China relationship is on a much more even keel now,” he said.

Tech giant navigates uncertain waters

Huang gave more details when he talked to reporters Friday. Asked straight up whether Nvidia would sell AI accelerators from the Blackwell family, he said, “I don’t know. I hope so someday.” He mentioned that chip sales didn’t come up when he met with Ren Hongbin, who heads the China Council for the Promotion of International Trade.

Blackwell is Nvidia’s latest batch of artificial intelligence semiconductors. It’s become a big topic in trade talks between the US and China. But selling these products wasn’t part of what Trump and Xi talked about this week. Trump made it clear that Nvidia and Chinese officials need to keep talking on their own about whether the $5 trillion company can get into the Asian market.

This whole thing shows how tricky it is for American officials to handle technology exports while trying to keep economic ties with China going. The back-and-forth over semiconductor exports has made things complicated for both governments and tech companies trying to work within the rules.

Chinese tech companies still want to buy Nvidia’s products even though governments on both sides are putting pressure on them. How chip sales get sorted out remains one of the biggest things people are watching in US-China relations.

Want your project in front of crypto’s top minds? Feature it in our next industry report, where data meets impact.

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Ripple CEO Confirms Privacy as Next Stage for XRP’s Institutional Expansion

Ripple CEO Confirms Privacy as Next Stage for XRP’s Institutional Expansion

Ripple advances XRP privacy to attract major institutional blockchain adoption. Confidential transactions and smart contracts set to reshape XRP Ledger. New privacy features aim to balance compliance with institutional confidentiality. The XRP community witnessed a significant revelation after Ripple CEO Brad Garlinghouse confirmed that privacy will drive the next phase of XRP’s institutional adoption. According to Vet, the discussion between him and Garlinghouse centered on strengthening privacy within the XRP ecosystem. This development aligns with the broader goal of creating a compliant yet confidential environment for institutional transactions. Ripple has progressively built the XRP Ledger into a robust infrastructure for real-world use cases. It has introduced decentralized identifiers, on-chain credentials, and permissioned domains to ensure compliance and security. Moreover, the network now features multipurpose tokens that simplify tokenization while its native decentralized exchange merges AMM liquidity with a traditional order book. Despite these advancements, one crucial element remains—privacy. Also Read: Swift Exec Mocks XRP as “Fax Machine,” Sparks Furious Clash with Crypto Fans Developers and Ripple Leadership Target Privacy Layer for Institutional Use Developers and Ripple executives agree that privacy will complete the ecosystem’s institutional framework. The upcoming privacy layer includes functions under proposal XLS-66, allowing institutions to lend and borrow assets using tokenized collateral. This system leverages zero-knowledge proofs to conceal sensitive balance and transaction data while maintaining compliance visibility for regulators. Hence, institutions can protect competitive data without compromising transparency. Ripple’s Senior Director of Engineering, Ayo Akinyele, emphasized the scale of this transformation. He stated that trillions in institutional assets will likely transition on-chain over the next decade. To achieve this, his team is developing confidential multipurpose tokens scheduled for launch in the first quarter of 2026. These tokens will enable private collateral management and secure asset handling across financial platforms. Smart Contracts and Privacy Bridge to Institutional Era Smart escrows proposed under XLS-100 and upcoming smart contracts in XLS-101 are expected to support these privacy-driven functions. Together, they will form the foundation for private institutional transactions within the XRP Ledger. This strategic focus marks a defining step toward positioning XRP as a trusted infrastructure for large-scale financial institutions. As privacy becomes the bridge connecting compliance with confidentiality, Ripple’s roadmap signals its readiness to lead blockchain adoption in traditional finance. Also Read: Shiba Inu Approaches Critical Price Zone as Bulls and Bears Battle for Control The post Ripple CEO Confirms Privacy as Next Stage for XRP’s Institutional Expansion appeared first on 36Crypto.
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