US EditionNvidia’s CEO says it has US approval to sell its H20 AI computer chips in China
UNITED STATES, JUL 16 – Nvidia will resume H20 AI chip sales to China after U.S. approval following a $5.5 billion loss from the prior export ban, signaling easing trade tensions between the two countries.
- With export licences pending, Nvidia Corp. aims to resume H20 sales in China, based on U.S. government assurances that licenses will be granted.
- Earlier this year, Nvidia halted H20 shipments to China after a special licence was required, costing the company $2.5 billion in potential revenue, as the U.S. government’s licence rule forced the stoppage.
- According to the July 14 blog post, Nvidia said U.S. officials would green-light H20 export licences, with assurances from the government and plans to resume shipments soon.
- Asian markets also rallied following the announcement, with Nasdaq futures surging after Nvidia’s announcement.
- The resumption could accelerate AI development cycles in China and influence global trade and security dynamics, according to sources, reflecting broader long-term impacts.
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55 Articles
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