"Trump said on Monday that he had informed Chinese President Xi Jinping of the decision to allow the export of the chip under an arrangement that will see 25 percent of sales paid to the US government. list of 4 itemsend of list Trump said exports would be allowed to approved customers under conditions that protect national security, and that his administration would take the same approach in relation to other chipmakers, such as AMD and Intel"
"This policy will support American Jobs, strengthen U.S. Manufacturing, and benefit American Taxpayers, Trump said on Truth Social. Nvidia, which is based in Santa Clara, California, said the move struck a thoughtful balance and would support high paying jobs and manufacturing in America. Nvidia shares jumped more than 2 percent in after-hours trading on the news. Trump's announcement marks a major departure from the policy of former President Joe Biden's administration, which confined Nvidia and other chipmakers to exporting downgraded versions of their products"
President Trump authorized Nvidia to export its H200 chip to China under an arrangement requiring 25 percent of sales to be paid to the US government. Exports will be allowed only to approved customers under conditions meant to protect national security, and the same approach will apply to other chipmakers such as AMD and Intel. The policy is presented as supporting American jobs, strengthening U.S. manufacturing and benefiting taxpayers. Nvidia said the move balanced interests and would support high-paying U.S. jobs; shares rose more than 2 percent after hours. The H200, launched in 2023, is Nvidia's most powerful chip outside the Blackwell series and is almost six times as powerful as the prior H20, according to the Institute for Progress.
Read at www.aljazeera.com
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