The upcoming Taiwan–China summit! Musk and Cook are accompanying, and Jensen Huang is not on the list

According to Bloomberg, the White House recently invited multiple business titans, including Tesla CEO Elon Musk and Apple CEO Tim Cook, to accompany President Trump on his trip to China. The delegation covers the finance, technology, aerospace, and agriculture sectors, aiming to reach a number of business deals and procurement contracts through bilateral meetings. Among them, Boeing is expected to sign a historic large-scale aircraft order, indicating that economic and trade cooperation remains at the core of US-China relations. However, Nvidia CEO Jensen Huang is not on the list, reflecting the sensitivity of US restrictions on AI chip exports. The move not only marks the mending of relations between Musk and Trump, but also reflects the US government’s strategy of actively seeking corporate support in diplomatic affairs.

The US-China summit is imminent, with business leaders including Musk and Cook in attendance

The accompanying list showcases the diversity and strength of US industry. In addition to Tesla CEO Elon Musk and Apple CEO Tim Cook, financial leaders such as Goldman Sachs CEO David Solomon, Blackstone’s Stephen Schwarzman, and BlackRock’s Larry Fink are also included. White House officials said the main goal of this trip is to finalize details of the Board of Trade, and to seek more business opportunities through high-level exchanges. In the technology sector, Micron and Qualcomm’s CEOs are participating. Although some leaders, such as Cisco CEO, could not attend due to their earnings release, the overall scale clearly shows the US government’s importance of this summit, attempting to solidify the competitive position of US companies within the multilateral trading system.

Aerospace and agriculture orders are the focus, with Boeing landing a historic contract

Boeing, a leader in the aerospace industry, has drawn significant attention during this trip. According to people familiar with the matter, Boeing is close to securing a major order that includes 500 737 Max aircraft, which is expected to be formally announced during Trump’s visit to Beijing. Boeing CEO Kelly Ortberg said the order has the potential for a huge scale, which is crucial for easing Boeing’s operating pressures in recent years. In addition, the inclusion of General Electric (GE) and global agribusiness giant Cargill indicates that the US side intends to expand export quotas in energy and agriculture trade. Such procurement agreements not only help reduce the US-China trade deficit, but also serve as an important economic indicator of whether the bilateral relationship can ease tensions.

Tesla is deepening its presence in China; Musk and Trump’s ties are repaired

For Tesla, China is the world’s largest auto market, and shipments from its Shanghai super factory increased 36% last month. Musk’s attendance symbolizes that the differences he previously had with Trump—stemming from their earlier dispute over reducing the size of the federal government—have been repaired. Tesla is currently actively seeking approval from Chinese regulators for its Full Self-Driving (FSD) technology to respond to competitive pressure from local brands such as BYD. After the news broke, Tesla (TSLA) shares surged nearly 4% yesterday, reflecting the capital market’s positive view that Musk has returned to the core circle of diplomacy.

Nvidia’s absence sends a signal, and AI chip export controls remain stringent

Notably, Nvidia (the world’s most valuable semiconductor company) CEO Jensen Huang was not invited. Although Jensen Huang previously said publicly that he was willing to participate, and noted that the Chinese market has up to $5 billion in potential demand for AI processors, his absence may suggest that the US government’s stance on exporting high-end technology remains firm. In a geopolitical environment, while the US promotes economic and trade cooperation, it still maintains strict oversight of semiconductor technologies that carry strategic significance. Nvidia’s absence, contrasted with Micron and Qualcomm being selected, reflects differences in the sensitivity of semiconductor products at different tiers in US-China tech competition.

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