Nvidia said Tuesday that it is evaluating several products following a report that the company is working on a new artificial intelligence chip for China that is more powerful than the currently available H20.

The new product, tentatively called the B30A, is expected to be based on Nvidia’s Blackwell chip architecture, Reuters reported, citing people familiar with the company’s plans. Nvidia hopes to deliver sample units to Chinese clients for testing as soon as next month, according to Reuters.

“We evaluate a variety of products for our roadmap, so that we can be prepared to compete to the extent that governments allow,” the company told CNBC in a statement. “Everything we offer is with the full approval of the applicable authorities and designed solely for beneficial commercial use.”

Shares of Nvidia slipped more than 3% Tuesday along with the broader market.

Commerce Secretary Howard Lutnick on Tuesday praised Nvidia CEO Jensen Huang and said he wouldn’t be surprised if Huang wants to sell a new chip to China.

“I’m sure he’s pitching the president all the time,” Lutnick said in an interview with CNBC’s “Squawk on the Street.” “I’ve listened to him pitch the president, and the president listens to our great technology companies, and he’ll decide how he wants to play it.”

Earlier this month, Nvidia and rival Advanced Micro Devices agreed to give the U.S. government a 15% cut of their sales in China, in exchange for permission to resume selling chips in the region.

The Trump administration halted the sale of advanced computer chips to China in April over national security concerns. Nvidia built its China-specific H20 chip after the Biden administration implemented export controls on AI chips in 2023, while AMD developed the MI308 chip for the Chinese market.

President Donald Trump said last week that he originally requested a 20% cut of Nvidia’s sales, but that Huang negotiated the number down to 15%.

Trump suggested at the time that he would be open to Nvidia selling a significantly scaled-down version of its advanced Blackwell chip in China.

“It’s possible I’d make a deal” on a “somewhat enhanced — in a negative way — Blackwell” processor, Trump said. “In other words, take 30% to 50% off of it.”

— CNBC’s Kristina Partsinevelos contributed to this report.