U.S. Lifts Restrictions on Nvidia AI Chip Sales to China

The Trump administration has reversed its April ban on Nvidia's AI chip sales to China, allowing the company to resume exports of its China-specific H20 GPU after CEO Jensen Huang met with President Trump. Nvidia has received assurances that export licenses for the H20 chip will be granted, enabling the company to fulfill orders and introducing a new, compliant RTX PRO GPU tailored for the Chinese market. This policy shift is expected to bolster Nvidia's sales in China, a key market where restrictions had previously cut its market share by nearly half, and has positively impacted related technology stocks in both the U.S. and Hong Kong. Huang's advocacy against strict export controls highlighted concerns that such measures could harm U.S. technological leadership and inadvertently aid competitors like Huawei. During his visit to China, Huang engaged with government and industry leaders to promote safe and trustworthy AI technologies and announced plans to participate in a major supply chain expo. This development marks a significant moment in the ongoing U.S.-China technology conflict and could influence the global AI semiconductor market.