Investing.com -- Nvidia Corp. Chief Executive Officer Jensen Huang said Monday he expects Chinese authorities will allow the import of artificial intelligence chips from the US.

"The Chinese government has to decide how much of their local market do they want to protect," Huang said in an interview with Bloomberg Television. "My sense is that over time the market will open."

Huang joined President Donald Trump's delegation of American business leaders for meetings in Beijing with Chinese leader Xi Jinping last week. Huang said he did not discuss directly with Chinese officials the company's effort to sell its H200 AI chips to customers in China, though the topic came up during discussions between officials from both sides.

"President Trump had some conversations with the leaders and I'm looking forward to what they decide," Huang said.

On Friday, Trump said Nvidia's H200 chips "did come up, and I think something could happen on that." The president added that China has not approved purchases of the H200 chips "because they chose not to, they want to develop their own."

Trump agreed in December to allow Nvidia to ship its H200 AI chips to Chinese customers, marking an easing of measures aimed at restraining China's growth in AI. The US Commerce Department has granted licenses to clear the way for those sales. Officials in Beijing have held up purchases by companies in China, owing in part to their desire to achieve self-sufficiency in semiconductors and boost domestic companies like Huawei Technologies Co.

Huang has identified China as a $50 billion opportunity for Nvidia, though the company earlier this year maintained its projection of zero sales for AI chips in the Chinese market. Nvidia reports its results on Wednesday.

In March, Huang said Nvidia had received US clearance for shipments to many customers in China and was preparing to fire up H200 production. Chinese companies later informed the company that they could not fulfill the purchases, according to a person familiar with the matter.