Nvidia CEO Jensen Huang says the technology giant has won the approval from the Trump administration to sell its advanced H20 computer chips that is used to develop artificial intelligence to China.
The news came in a company blog post late on Monday night and Huang also spoke about the coup on China’s state-driven CGTN television network at Remarks shown on X.
“The US government has assured Nvidia that licenses would be granted, and Nvidia hoped to start delivery soon,” the post said.
Huang told reporters in Beijing, “Today, I am announcing that the US government has approved us to file a license to start H20S shipping.” He said that half of the world’s AI researchers are in China.
“It is so innovative and dynamic here in China that it is really important that American companies are able to combat and serve the market here in China,” he said.
Huang recently met with Trump and other US policy makers and the week is to attend a supply chain conference in Beijing and talk with Chinese officials.
Broadcasting showed Huang’s meeting with Rain Hongbin, the head of the Chinese council to promote China’s international trade, in the host of the China International Supply Series Expo, in which Huang was participating. NVIDIA is a pioneer.
NVIDIA has made a large profit by adopting AI rapidly, which has become the first company to exceed $ 4 trillion last week. However, the trade rivalry between the US and China is overshadowing the industry.
Washington has been tightening control over the export of advanced technology in China over the years, citing concerns that know for civil use can be deployed for military purposes. Emergence of China Deepsek In January, AI Chatbot expressed concern on how China could use advanced chips to help develop its AI capabilities.
In January, Trump started a new framework for the export of advanced computer chips used to develop Artificial Intelligence, the President Joe Biden’s administration, before he started his second term in the office, an attempt to balance national security concerns about technology with the economic interests of producers and other countries.
The White House announced in April that it would restrict the sale of NVIDIA H20 chips and AMD’s MI308 chips to China.
NVIDIA had stated that the company would spend an additional $ 5.5 billion in tight export control, and Huang and other technology leaders have advocated President Donald Trump to reverse the sanctions. They argue that such boundaries obstruct American competition in a leading edge region in one of the largest markets in the world for technology.
He has also warned that American export controls may extend other countries towards AI technology.
Nvidia’s US -traded stocks made a jump of about five percent before the initial bell.
AP researcher U Bing contributed to this report in Beijing