Nvidia plans to resume sales of its H20 AI chip to China after securing Washington's assurances that such shipments would get approved. US government officials said they would green-light export licenses for the H20 artificial intelligence accelerator, according to a blog post by Nvidia.

Shanghai

Nvidia has announced plans to resume exports of its H20 artificial intelligence chip to China, following assurances from US government officials that export licenses for the product would be approved. The company revealed the development in a blog post, noting that the decision is expected to help recover sales that were previously impacted by US export controls.

Nvidia's CEO, Jensen Huang, has been critical of the export restrictions, arguing they have disadvantaged US companies and benefited Chinese competitors. The approval is seen as a significant development for both Nvidia and broader US-China trade relations, as it comes amid ongoing negotiations between the two countries over technology and rare earth mineral exports.

Nvidia to restart H20 chip exports to China

What more do we know about this NVIDIA announcement and what it tells us about the Trump administration's thinking on export controls? Well, I think it's interesting that it was NVIDIA who announced this, not the White House. I'll get to that and what that means in a little bit. But essentially, this is a great victory for CEO of NVIDIA, Jensen Huang, who, by the way, is in Beijing right now, just appeared on state television. And we learned of this development on the H20 chip through a blog post from NVIDIA, essentially saying that they've been given tacit approval by the White House to apply for those export licenses for the H20 chips to be sold to China. And he expects, Jensen Huang and NVIDIA, all expect that those license applications to be approved and the H20 chips can resume being sold to China. Jensen Huang has been an outspoken critic of these export controls from the United States, saying they haven't worked and also they've given competitors in China, like Huawei, an unfair advantage. In fact, NVIDIA projected they could lose about $8 billion in sales in this current quarter just because of those export controls. They'd also been working on a new chip based on Blackwell architecture to comply with those Trump trade curbs. But now, if the H20 is going to resume sales to China, it would be an interesting development, obviously, and a very fortuitous one for NVIDIA to have two potential chips. Yes, they're scaled back from the most advanced AI chips from NVIDIA. But still, having chips that are compliant with US export controls allowed to go into China is a big development, not only for NVIDIA, but for US-China relations, no doubt. Well, on that point, Stephen, what is your assessment of what this tells us about those conversations, the trade tensions that we know exist between the two sides that, on some level, have eased to some extent? What does this reflect when it comes to those trade negotiations? Well, it tells us a lot about what Jensen Huang and Donald Trump spoke about in the White House last week, and also why Jensen Huang is in Beijing right now with meetings with the Commerce Minister, as well as their trade negotiator, He Li Feng. So obviously, he is the one that has lobbied the White House, gaining that approval for the export licenses. And he's the one to take that message, essentially, to China. What it tells me about the back room bargaining in the trade deal and the trade truce that was reaffirmed in London is that the United States clearly wants China to speed up its export licensing process for rare earth minerals, as well as rare earth magnets. And what does China want? They want a relaxation of those tight export controls on advanced chips. It seems as though this was win-win for the two countries as they try and bridge their differences. And this was maybe for Donald Trump, as he met with Jensen Huang, a little bit of a low-hanging fruit and was convinced that they're doing the United States tech company's competitive advantage more harm than good.

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