Nvidia Corp. Chief Executive Officer Jensen Huang expressed confidence in his company’s trade partners and said there’s no evidence of its prized semiconductors being diverted to the Chinese market.

Nvidia is evaluating how to address the China market after the U.S. government placed limits on sales of its Hopper H20 chip there but will not put out another version from the Hopper series, CEO Jensen Huang said on Saturday.

Nvidia plans to open a research-and-development center in Shanghai, its latest effort to maintain a foothold in China after the Trump administration’s attempts to tighten export controls for its AI semiconductors.

Under agreements with the US expected to be unveiled in coming days, Saudi Arabia and the UAE are poised to win wider access to advanced AI chips from Nvidia and AMD that are considered the gold

Nvidia stock was rising early Friday, as President Donald Trump said he was close to landing another deal that would send more American-made artificial-intelligence chips to the Middle East. Shares climbed 0.