Nvidia is set to resume sales of its AI chips to China. Here's who's on the 'whitelist' of buyers
Briefly

Chinese companies are actively trying to acquire Nvidia's H20 artificial intelligence chips as Nvidia prepares to restart sales to mainland China following assurances from the U.S. government. The company anticipates receiving licenses to resume these sales, which have been restricted due to U.S. export controls aimed at preventing advanced technology from reaching China. Major Chinese firms like ByteDance and Tencent are reportedly placing orders, which require approval from the U.S. government. Nvidia's plans could significantly affect its revenue, previously estimated to decrease by $15 billion due to these restrictions.
Chinese firms are scrambling to buy Nvidia's H20 artificial intelligence chips as Nvidia plans to resume sales to China, having received assurances from the U.S. government.
Nvidia's AI chips are the focus of U.S. export controls intended to prevent advanced technology from reaching China, significantly impacting Nvidia's potential revenue.
The process for Chinese companies to purchase H20 chips from Nvidia involves them placing orders which Nvidia will send to the U.S. government for approval.
Concerns over the use of AI chips by the Chinese military have led to stringent regulations, with Chinese companies like ByteDance and Tencent actively seeking to place orders.
Read at Fast Company
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