"Donald Trump has cleared the way for Nvidia to begin selling its powerful AI computer chips to China, marking a win for the chip maker and its CEO Jensen Huang, who has spent months lobbying the White House to open up sales in the country. Before Monday's announcement, the US had prohibited sales of Nvidia's most advanced chips to China over national security concerns."
"I have informed President Xi, of China, that the United States will allow NVIDIA to ship its H200 products to approved customers in China, and other Countries, under conditions that allow for continued strong National Security, Trump posted to Truth Social on Monday. President Xi responded positively! Trump said the Department of Commerce is finalizing the details and that he was planning to make the same offer to other chip companies, including Advanced Micro Devices (AMD) and Intel."
"The president said the US would receive 25% of the proceeds, which follows similar unorthodox plans for the federal government to take a financial cut from private business dealings. In August, Trump said the US would receive a 10% stake in the tech company Intel. Some lawmakers have questioned the legality of such arrangements. I urge you to stop ignoring the input of bipartisan members of Congress and your own experts in order to cut deals that trade away America's national security, the senators wrote."
President Donald Trump authorized shipments of Nvidia H200 AI chips to approved Chinese customers, reversing previous US restrictions. The Commerce Department is finalizing conditions and Trump said similar offers will be extended to AMD and Intel. Trump stated the US would receive 25% of proceeds from the sales. Critics, including Senators Elizabeth Warren and Andy Kim, warned the shipments could empower Chinese surveillance, censorship, and military uses and questioned the legality of financial arrangements. Nvidia CEO Jensen Huang lobbied the White House and repeatedly met with the president, attending events and White House dinners to press for sales.
Read at www.theguardian.com
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