China Seeks AI Chip Relief Before Potential Trump–Xi Meeting

China is pushing the U.S. to ease export controls on high-bandwidth memory (HBM) chips, key for artificial intelligence, as part of trade deal talks ahead of a possible Trump–Xi summit, the Financial Times reported Sunday. Beijing has told experts in Washington it wants restrictions on HBM chips—used with AI processors like those from Nvidia—relaxed, citing concerns the curbs hinder firms such as Huawei from developing their own AI chips. The U.S. has long restricted advanced chip exports to China to limit its AI and defense capabilities. While the measures constrain American firms from fully meeting China’s strong demand—one of the world’s largest semiconductor markets—sales there still represent a major revenue source for U.S. chipmakers.