President Donald Trump announced Monday that the United States will allow Nvidia to sell its H200 AI chips to approved customers in China. Trump said he informed Chinese President Xi Jinping of the decision, emphasizing that the latest “Blackwell” chips, among the most advanced AI processors in the world, will not be included in the deal.
The move could represent billions of dollars in potential sales for Nvidia, which currently has over $500 billion in orders for its top AI chips for this year and next, excluding potential Chinese buyers. Trump also indicated that Intel, AMD, and other American technology companies would be allowed to sell similar chips to China, with details being finalized by the Department of Commerce. Under the new arrangement, the U.S. government will take a 25% cut of the sales of approved chips, up from the previously announced 15%. Nvidia welcomed the decision, calling it a “thoughtful balance” that supports American manufacturing and high-paying jobs. The easing of export controls comes amid signs of warming trade relations, including increased Chinese purchases of U.S. soybeans and approvals for exports of rare earth minerals. Following Trump’s announcement, Nvidia shares rose nearly 3% in after-hours trading.