-
Nvidia says it plans to restart deliveries of its H20 AI chips to China.
-
The company says it has assurances from the US government that the shipments will be approved.
-
This is a sharp reversal from the Trump administration’s earlier hard stance on chip exports to China.
Nvidia said it plans to resume deliveries of its H20 AI chips to China because of assurances from the US government that these shipments will be approved.
Nvidia, in a blog post dated July 14, said the company “hopes to start deliveries soon” to China, given these assurances.
This announcement comes days after Nvidia CEO Jensen Huang met with President Donald Trump and policymakers to talk about the US’s domestic AI infrastructure.
Huang is in China now and has had meetings with government officials and industry leaders in Beijing, per Nvidia’s blog post.
The announcement from Nvidia indicates a sharp reversal from the Trump administration’s earlier hard stance on chip exports to China.
In April, the Trump administration told Nvidia it would need special licenses to sell to Chinese customers. At the time, Nvidia warned it could take a multibillion-dollar hit on earnings from the administration’s restrictions on H20 chips.
This is a developing story. Please check back for updates.
Read the original article on Business Insider
-
Nvidia says it plans to restart deliveries of its H20 AI chips to China.
-
The company says it has assurances from the US government that the shipments will be approved.
-
This is a sharp reversal from the Trump administration’s earlier hard stance on chip exports to China.
Nvidia said it plans to resume deliveries of its H20 AI chips to China because of assurances from the US government that these shipments will be approved.
Nvidia, in a blog post dated July 14, said the company “hopes to start deliveries soon” to China, given these assurances.
This announcement comes days after Nvidia CEO Jensen Huang met with President Donald Trump and policymakers to talk about the US’s domestic AI infrastructure.
Huang is in China now and has had meetings with government officials and industry leaders in Beijing, per Nvidia’s blog post.
The announcement from Nvidia indicates a sharp reversal from the Trump administration’s earlier hard stance on chip exports to China.
In April, the Trump administration told Nvidia it would need special licenses to sell to Chinese customers. At the time, Nvidia warned it could take a multibillion-dollar hit on earnings from the administration’s restrictions on H20 chips.
This is a developing story. Please check back for updates.
Read the original article on Business Insider
Leave feedback about this