Nvidia to resume sales of highly desired AI computer chips to China
By ELAINE KURTENBACH and WYATTE GRANTHAM-PHILIPS, Associated Press
BANGKOK (AP) — Nvidia’s CEO Jensen Huang says the technology giant has won approval from the Trump administration to sell its advanced H20 computer chips used to develop artificial intelligence to China.
The news came in a company blog post late Monday, which stated that the U.S. government had “assured” Nvidia that licenses would be granted — and that the company “hopes to start deliveries soon.” Shares of the California-based chipmaker were up over 4% by midday Tuesday.
Huang also spoke about the coup on China’s state-run CGTN television network, in remarks shown on X.
“Today, I’m announcing that the U.S. government has approved for us filing licenses to start shipping H20s,” Huang told reporters in Beijing.
He added that half of the world’s AI researchers are in China. “It’s so innovative and dynamic here in China that it’s really important that American companies are able to compete and serve the market here,” he said.