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Nvidia’s CEO says it has US approval to sell its H20 AI computer chips in China
UNITED STATES, JUL 16 – Nvidia will restart shipments of its H20 AI chips to China after U.S. export licenses were approved, reversing a ban that cost the company $5.5 billion in inventory losses, officials said.
- On Wednesday, Nvidia announced it is resuming sales of its H20 AI chips to China, citing assurances from Washington that licenses will be granted.
- In April, the Trump administration restricted H20 exports, prompting potential revenue loss of $15 billion to $16 billion.
- The H20 chip's appeal comes from its superior memory bandwidth, which enhances inference performance, and its design for inference tasks enables efficient deployment in China.
- Shares of Nvidia surged while U.S. government licenses are expected soon, with shipments shortly after, Nvidia said in a blog post.
- Amid eased trade frictions, China's relaxation of rare earth export controls and the US resumption of chip design software services signals a potential thaw in US-China trade relations, and Nvidia announced plans to build US AI servers worth up to $500 billion over four years.
49 Articles
49 Articles
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Nvidia, the world’s most valuable company, received a political and commercial green light on July 15 that could be a game-changer for the global economy in more ways than one. The company secured Trump administration approval to resume selling advanced artificial intelligence (AI) chips — specifically the H20 — to Chinese firms, reversing previous export […] The post Nvidia wins as Trump retreats on China AI chip ban appeared first on Asia Time…
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