NVIDIA CEO Huang Emerges
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Only a few years ago, the Biden administration declared export controls a “new strategic asset” to help the US maintain “as large a lead as possible” over China in advanced technology. President Donald Trump is now upending that approach.
Nvidia's CEO Jensen Huang says the technology giant has won approval from the Trump administration to sell its advanced H20 computer chips used for artificial intelligence to China.
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Nvidia CEO Jensen Huang says export controls on advanced chips require companies to adapt. Speaking in Beijing on Wednesday, he addressed the recent lifting of a U.S. ban on Nvidia's H20 chip sales to China.
Nvidia: H20 export reinstated, bolstering the $200 by this year-end bull case and reviving the China growth story.
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The AI chip giant is cheering now, but the celebration may be short.
The Silicon Valley chip giant said the Trump administration, which had shut down its sales to China three months ago, had assured it that licenses for the sales would now be granted.
This is the second time that Nvidia’s permission to sell in China has changed. As widely reported in April, the firm got re-approved to sell chips to China after a dinner meeting between Huang and Trump in the spring, apparently including a tit-for-tat deal in which Nvidia would create new server setups stateside.
1hon MSN
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