CNBC's Kristina Partsinevelos reports on news regarding the U.S. Commerce Department allowing Nvidia to export its H200 chips to China.

The U.S. Commerce Department has authorized the export of Nvidia's H200 chips to China, according to a source. Despite this approval, Chinese authorities have previously blocked similar chip models, citing security concerns and issues related to reliance on Nvidia's CUDA software. 

The H200 chips, which first shipped in 2023 and are considered less advanced than Nvidia's latest technology, have been viewed by some Chinese media as a way for Nvidia to reduce excess inventory. While Nvidia's stock price increased following the news, the ultimate decision on whether these chips will enter the Chinese market rests with Beijing.

Commerce Department to allow exports of Nvidia H200 chips to China

We mentioned that breaking news on NVIDIA. Let's bring in Christina Partsenevelis with more details on the story. Christina. Hi, Kelly. So I can confirm through a source that yes, indeed, the Commerce Department has approved the sale of H200 chips. These are NVIDIA chips going to China. But I have to say that perhaps the uptick in the stock price may be a little bit premature. Why do I say that? Because China has previously blocked H20 chips. These are, let's call them watered down versions of the ones just approved. China has said that there's been security issues with said H20 chips. They're concerned about, I guess, everybody being hooked on CUDA software. So even though these H200 chips have been approved, the roadblock isn't Washington necessarily. The roadblock is Beijing. They may not believe that these chips are even better in terms of security. These chips first shipped in 2023, so they're considered a little bit less cutting edge than the Blackwell architecture. And there are some Chinese media over the weekend and the end of last week commenting saying that this is just a way for NVIDIA to get rid of excess inventory and that it's a sugar-coated bullet, was a quote from one of the media outlets. So perhaps this 2.5 percent uptick is pointing to a market that has been closed for quite some time, with Jensen Wang calling it roughly $50 billion. But I would like to remind our audience that Beijing can still block the sale of these H200 chips, even though they've been approved on the American side.

A powerful 7.5-magnitude earthquake shook northeastern Japan late on Monday (December 8), prompting orders for about 90,000 residents to evacuate and tsunami warnings that hours later were downgraded to advisories.

Aomori

7.5-magnitude earthquake strikes Japan's northeast

Ukrainian President Volodymyr Zelenskiy said on Monday (December 8) that unity between Europe, Ukraine and the U.S. was important when negotiating an end to Russia's war in Ukraine. He made the remark during a visit to London.

London

Ukraine Invasion

Kyiv stresses European unity as allies 'skeptical' of U.S. peace plan

Ukrainian leader Volodymyr Zelenskyy and European allies prepared to hold talks in London on Monday (December 8), after President Donald Trump accused him of not reading the U.S. proposal to end the war with Russia.

Zelenskyy to meet European allies after Trump criticism

Thailand has launched airstrikes on Cambodian military sites as renewed border violence threatens a U.S.-backed peace deal.

Bangkok

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South African authorities have withdrawn a 90-day visa exemption for Palestinians, saying the recent arrival of a charter flight with 153 people onboard was part of a campaign of “forced migration.”

Johannesburg

Middle East Conflict

South Africa withdraws 90-days visa exemption for Palestinians

Chinese and Japanese ties came under further strain after a Chinese fighter aircraft trained fire-control radar on Japanese military jets for the first time.

Okinawa

Chinese fighter jet locks radar on Japan planes

A military coup declared in Benin on Sunday has failed, the country’s interior minister said, just hours after soldiers took over state television to announce the dissolution of government.

Porto-Novo

Benin coup attempt thwarted by soldiers loyal to Republic

Hong Kong's citizens were voting on Sunday in an election where the focus is on turnout, with residents grieving and traumatized after the city's worst fire in nearly 80 years and the authorities scrambling to avoid a broader public backlash.

Hong Kong Island

Hong Kong holds tightly guarded election amid anger over deadly fire

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Kyiv

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Russia targeted Ukraine's energy infrastructure overnight, meaning another winter of power outages for Ukrainians as Vladimir Putin tries to crush their resolve. Holly Williams reports.

Moscow

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Washington

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Ponce

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Residents in the Indonesian region of Aceh Tamiang have been struggling to get aid while mourning the loss of their loved ones, as the death toll from floods and landslides that hit Sumatra island this month rose to more than 900 people.

Jakarta

Indonesian families mourn loved ones as flood deaths pass 900

Ukrainian President Volodymyr Zelenskiy said on Saturday that he had had a long and "substantive" phone call with U.S. President Donald Trump's special envoy Steve Witkoff and Trump's son-in-law Jared Kushner.

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Netflix is set to buy Warner Bros. in a deal valued at $72 billion, but the announcement has sparked concern among industry workers.

Hollywood

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The man suspected of placing pipe bombs around Washington, D.C., on Jan. 5, 2021, had his first court appearance on Friday after he was arrested Thursday following a five-year manhunt. A judge ordered the suspect to remain in jail pending future hearings.

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A 22-year-old woman who says she was born and raised in the United States tells "CBS Saturday Morning" about being chased down the street by U.S. Customs and Border Protection agents as the Trump administration's New Orleans immigration crackdown ramps up.

New Orleans

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One of the world's most influential architects Frank Gehry has died at the age of 96. Known for his whimsical, unpredictable style, he rose to fame with his titanium design for the Guggenheim Museum in Bilbao.

Bilbao

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At least eleven people are dead after a mass shooting at a shebeen (an unlicensed bar), in Saulsville, a township just west of South Africa's administrative capital Pretoria.

Saulsville

Several killed in mass shooting west of South Africa's capital

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The U.S. Supreme Court has agreed to decide the legality of President Donald Trump's directive to restrict birthright citizenship in the United States, a contentious part of his efforts to curb immigration and a step that would alter how a 19th century constitutional provision has long been understood.

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Russian President Vladimir Putin held talks with Indian Prime Minister Narendra Modi on Friday at an annual summit and agreed to diversify mutual economic ties, as the United States presses India to revise its decades-old partnership with Russia.

Delhi

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The Pentagon announced another strike against an alleged drug-carrying boat in the eastern Pacific Ocean. This comes as lawmakers react to a classified briefing on the controversial Sept. 2 strikes targeting a vessel near Venezuela.

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Manhattan

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Israel has been cleared for the 2026 Eurovision song contest after the European Broadcasting Union said most members did not want a vote on participation, prompting four countries — the Netherlands, Ireland, Spain and Slovenia — to boycott the competition over the war in Gaza.

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Honduran presidential candidate Salvador Nasralla said U.S. President Donald Trump’s last-minute support for rival Nasry Asfura hurt his chances in the country’s closely fought election.

Tegucigalpa

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A northern Virginia man was arrested and accused of placing two pipe bombs outside the Democratic National Committee and Republican National Committee headquarters on the eve of the Capitol riot on Jan. 6, 2021. Scott MacFarlane has details.

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A grand jury has rejected the Department of Justice's attempt to re-indict New York Attorney General Letitia James. CBS News legal contributor Jessica Levinson has reaction.

Breakdown