Nvidia will ramp up supply of Chinese-compliant H20 chips in the coming months and look to bring more advanced semiconductors to the world's second-largest technology market, Chief Executive Jensen Huang said at an event in Beijing.

Nvidia is already the world’s most valuable company being one of the biggest beneficiaries of the global artificial intelligence boom.

The company says it plans to resume sales of its H20 AI chip to China after securing assurances from Washington that it would approve the shipments.