Trump opens door for NVIDIA in China
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The Department of Commerce will allow Nvidia to ship H200 chips to China, as originally reported by Semafor, to approved customers in the country. The U.S. will take a 25% cut of these sales, CNBC reported.
Nvidia has finally prevailed in its campaign to sell chips in China, but it may be too little, too late.
Trump said Chinese President Xi Jinping "responded positively" to the proposal to let Nvidia sell H200 AI chips on condition that the U.S. gets 25% of revenue.
President Trump says the U.S. will take a 25% cut of sales of advanced Nvidia chips to China.
President Donald Trump said Monday that he would allow Nvidia to sell an advanced type of computer chip used in the development of artificial intelligence to “approved customers” in China.
By Kanchana Chakravarty Dec 9 (Reuters) - Nvidia shares rose 1.7% in U.S. premarket trading on Tuesday after President Donald Trump said he will allow the sale of its H200 chips to approved Chinese customers,
NVIDIA is now allowed to sell its second-best H200 processors to China, rather than just the sanction-approved H20 model that China had previously declined to buy, President Trump wrote on Truth Social.
Beijing is set to limit access to Nvidia’s advanced H200 chips despite Donald Trump’s decision to allow the export of the technology to China as it pushes to achieve self-sufficiency in semiconductor production.
By Stephen Nellis, Karen Freifeld and Michael Martina WASHINGTON, Dec 8 (Reuters) - The United States will allow Nvidia's H200 processors, its second-best artificial intelligence chips, to be exported to China and collect a 25% fee on such sales,