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BANGKOK — Nvidia’s CEO Jensen Huang says the technology giant has won approval from the Trump administration to sell its advanced H20 computer chips used to develop artificial intelligence to China.
“The U.S. government has assured Nvidia that licenses will be granted, and Nvidia hopes to start deliveries soon,” the post said.
“Today, I’m announcing that the U.S. government has approved for us filing licenses to start shipping H20s,” Huang told reporters in Beijing. He noted that half of the world’s AI researchers are in China.
“It’s so innovative and dynamic here in China that it’s really important that American companies are able to compete and serve the market here in China,” he said.
Business Briefing
Huang recently met with President Donald Trump and other U.S. policymakers and this week is in Beijing to attend a supply chain conference and speak with Chinese officials.
Related:Landlords poised to retake upper hand as apartment demand surges
The broadcast showed Huang meeting with Ren Hongbin, the head of the China Council for Promotion of International Trade, host of the China International Supply Chain Expo, which Huang was attending. Nvidia is an exhibitor.
Nvidia has profited enormously from rapid adoption of AI, becoming the first company to have its market value surpass $4 trillion last week. However, the trade rivalry between the U.S. and China has been weighing heavily on the industry.
Washington has been tightening controls on exports of advanced technology to China for years, citing concerns that know-how meant for civilian use could be deployed for military purposes. The emergence of China’s DeepSeek AI chatbot in January renewed concerns over how China might use the advanced chips to help develop its own AI capabilities.
In January, before Trump began his second term in office, the administration of President Joe Biden launched a new framework for exporting advanced computer chips used to develop artificial intelligence, an attempt to balance national security concerns about the technology with the economic interests of producers and other countries.
Related:Dallas’ Nirav Tolia is back at Nextdoor with a new look for neighborhood connecting tech
The White House announced in April that it would restrict sales of Nvidia’s H20 chips and AMD’s MI308 chips to China.
Nvidia had said the tighter export controls would cost the company an extra $5.5 billion, and Huang and other technology leaders have been lobbying Trump to reverse the restrictions. They argue that such limits hinder U.S. competition in a leading-edge sector in one of the world’s largest markets for technology.
They’ve also warned that U.S. export controls could end up pushing other countries toward China’s AI technology.
Nvidia’s U.S.-traded shares jumped nearly 5% before the opening bell.
By ELAINE KURTENBACH AP Business Writer
AP researcher Yu Bing in Beijing contributed.
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BANGKOK — Nvidia’s CEO Jensen Huang says the technology giant has won approval from the Trump administration to sell its advanced H20 computer chips used to develop artificial intelligence to China.
“The U.S. government has assured Nvidia that licenses will be granted, and Nvidia hopes to start deliveries soon,” the post said.
“Today, I’m announcing that the U.S. government has approved for us filing licenses to start shipping H20s,” Huang told reporters in Beijing. He noted that half of the world’s AI researchers are in China.
“It’s so innovative and dynamic here in China that it’s really important that American companies are able to compete and serve the market here in China,” he said.
Business Briefing
Huang recently met with President Donald Trump and other U.S. policymakers and this week is in Beijing to attend a supply chain conference and speak with Chinese officials.
Related:Landlords poised to retake upper hand as apartment demand surges
The broadcast showed Huang meeting with Ren Hongbin, the head of the China Council for Promotion of International Trade, host of the China International Supply Chain Expo, which Huang was attending. Nvidia is an exhibitor.
Nvidia has profited enormously from rapid adoption of AI, becoming the first company to have its market value surpass $4 trillion last week. However, the trade rivalry between the U.S. and China has been weighing heavily on the industry.
Washington has been tightening controls on exports of advanced technology to China for years, citing concerns that know-how meant for civilian use could be deployed for military purposes. The emergence of China’s DeepSeek AI chatbot in January renewed concerns over how China might use the advanced chips to help develop its own AI capabilities.
In January, before Trump began his second term in office, the administration of President Joe Biden launched a new framework for exporting advanced computer chips used to develop artificial intelligence, an attempt to balance national security concerns about the technology with the economic interests of producers and other countries.
Related:Dallas’ Nirav Tolia is back at Nextdoor with a new look for neighborhood connecting tech
The White House announced in April that it would restrict sales of Nvidia’s H20 chips and AMD’s MI308 chips to China.
Nvidia had said the tighter export controls would cost the company an extra $5.5 billion, and Huang and other technology leaders have been lobbying Trump to reverse the restrictions. They argue that such limits hinder U.S. competition in a leading-edge sector in one of the world’s largest markets for technology.
They’ve also warned that U.S. export controls could end up pushing other countries toward China’s AI technology.
Nvidia’s U.S.-traded shares jumped nearly 5% before the opening bell.
By ELAINE KURTENBACH AP Business Writer
AP researcher Yu Bing in Beijing contributed.
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