Nvidia has received permission from the Trump administration to sell its H20 chip in China. Commerce Secretary Howard Lutnick stated that the best chips would remain in the US, allowing only the less powerful H20 to be sold. Shares of Nvidia rose following the announcement, which came after CEO Jensen Huang's meeting with President Trump. Despite concerns about China's AI advancements, Lutnick expressed confidence that selling chips would keep China reliant on US technology, suggesting that developers are essential to progress in the field.
"We don't sell them our best stuff, not our second best stuff, not even our third best. I think fourth best is where we have come out that we're cool."
"The idea is the Chinese are more than capable of building their own, right? So you want to keep one step ahead of what they can build so they keep buying our chips, because, remember, developers are the key to technology."
Collection
[
|
...
]