Nvidia Corp. will resume shipments of its H20 AI chip to China after securing assurances for export licenses from the US government. This decision follows a period of improving relations between Washington and Beijing, with both sides hopeful for cooperation on crucial technologies. The H20 variant was developed under previous restrictions but had been blocked since April without US permits. Jensen Huang called this move a significant win and a correction of previous export controls that inadvertently favored Huawei Technologies. Market reactions were positive, with notable gains in tech stocks following the announcement.
Nvidia Corp. plans to resume sales of its H20 AI chip to China after securing Washington's assurances that such shipments would get approved, marking a significant policy shift.
The US government has informed Nvidia that it will grant export licenses for the H20 AI accelerator, reversing earlier restrictions imposed by the Trump administration.
Jensen Huang emphasized that this approval is a major victory and criticized previous Washington chip curbs, claiming they inadvertently bolstered Huawei's position.
Following Nvidia's announcement, the Nasdaq futures rose, reflecting positive market sentiment, while Hong Kong stocks surged, particularly in tech and data center sectors.
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