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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 July 14, Nvidia announced it will resume sales of its H20 AI chips to China after U.S. licensing curbs halted shipments earlier this year.
- This followed an April U.S. decision requiring Nvidia to obtain export licenses due to concerns over China's potential military use of advanced chips.
- CEO Jensen Huang met President Trump last week and reassured support for U.S. job creation and AI infrastructure in meetings with policymakers.
- Huang stated the Chinese AI chip market is worth $50 billion but was effectively closed to U.S. firms, and the U.S. government has now approved licenses to ship H20s.
- The licensing approval suggests eased trade tensions that could boost Nvidia’s growth by reopening a crucial market amid rising global AI competition.
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