Nvidia Secures Key US Approval for H20 AI Chip Sales in China Amidst Trade Tensions
Nvidia Secures Key US Approval for H20 AI Chip Sales in China Amidst Trade Tensions
Nvidia CEO Jensen Huang announced this week that the technology giant has secured approval from the Trump administration to sell its advanced H20 artificial intelligence computer chips to China. The breakthrough news, initially shared via a company blog post late Monday and confirmed by Huang’s remarks in Beijing, signals a significant development in the ongoing US-China tech rivalry.
Huang, currently in Beijing for a supply chain conference, emphasized the importance of American companies competing in China’s dynamic AI market, noting that half of the world’s AI researchers reside there. This approval comes after intense lobbying efforts by Nvidia and other tech leaders, who previously faced tightened export controls, including an April announcement by the White House restricting H20 chip sales.
The decision allows Nvidia to navigate a complex trade landscape, where Washington has long cited national security concerns over advanced technology exports. Following the announcement, Nvidia’s US-traded shares saw a slight dip in after-hours trading Monday, while its shares in Frankfurt, Germany, jumped over 3% early Tuesday, reflecting varied market reactions to the news.
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