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Bitcoin fell below the $117,000 level on Tuesday after cryptocurrency-related

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Nvidia’s China chip approval: Company wins US nod to export AI chips to China, says H20 shipments to start soon

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Nvidia's China chip approval: Company wins US nod to export AI chips to China, says H20 shipments to start soon

Nvidia CEO Jensen Huang said the company has secured approval from the Trump administration to begin selling its advanced H20 chips to China, paving the way for resumed exports of its AI hardware to a key international market.“The US government has assured Nvidia that licenses will be granted, and Nvidia hopes to start deliveries soon,” the company said in a blog post on Monday. Huang, currently in Beijing, also confirmed the development on Chinese state-run CGTN and in remarks shared on social platform X, AP reported.“Today, I’m announcing that the US government has approved for us filing licenses to start shipping H20s,” Huang told reporters in Beijing. “It’s so innovative and dynamic here in China that it’s really important that American companies are able to compete and serve the market here in China,” he added, noting that half the world’s AI researchers are based in China.Huang meets Chinese officialsHuang is in China to attend a supply chain conference and meet with local officials. CGTN aired footage of him meeting Ren Hongbin, chairman of the China Council for the Promotion of International Trade and organiser of the China International Supply Chain Expo, where Nvidia is one of the exhibitors.The approval comes after Huang’s meeting with President Donald Trump and other US policymakers. The move follows export restrictions earlier this year that blocked sales of high-end AI chips, including Nvidia’s H20 and AMD’s MI308, to China.Industry pressures lead to policy shiftThe April decision to restrict chip exports had raised concerns across the tech industry. Nvidia warned the curbs would cost the company an estimated $5.5 billion in revenue. Huang and other executives have since pressed the administration to ease the restrictions, arguing that tighter controls would hurt American companies and shift demand to non-US suppliers.





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