Trump announces NVIDIA chip deal with China
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Trump said Chinese President Xi Jinping "responded positively" to the proposal to let Nvidia sell H200 AI chips on condition that the U.S. gets 25% of revenue.
President Trump will allow technology giant Nvidia to sell its second-best artificial intelligence chips to China. The move reverses years of policy restrictions and could help push China farther along in the AI race.
By Eduardo Baptista BEIJING, Dec 10 (Reuters) - U.S. President Donald Trump's move to allow exports to China of Nvidia's second-best artificial intelligence chip, the H200, will spur strong demand from the country's tech giants,
President Donald Trump said the United States would permit NVIDIA to ship its H200 AI chips to approved customers in China, effectively ending an export ban.
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Both companies are growing their revenue at a faster than 60% year-over-year pace.
Nvidia had been at the centre of a geopolitical tug-of-war between the US and China in recent months.
President Donald Trump announced Monday he will allow Nvidia to sell some Artificial Intelligence chips to China, if the United States gets a 25% cut.
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