President Donald Trump granted Nvidia Corp. permission to ship its H200 artificial intelligence chip to China in exchange for a 25% surcharge, a move that lets the world’s most valuable company potentially regain billions of dollars in lost business from a key global market.

US President Donald Trump has announced that he will allow AI chip maker Nvidia to sell its advanced H200 chips to "approved customers" in China.

The decision is a major win for Jensen Huang.