Reuters reports that the Trump administration has reversed its decision to restrict exports of Nvidia’s H20 AI chips to China, following a Mar-a-Lago dinner attended by Nvidia CEO Jensen Huang, according to NPR. The advanced chips, which are the most powerful AI processors legally available in China under current U.S. export controls, had been targeted by new restrictions set to roll out this week. However, Nvidia reportedly pledged new investments in U.S.-based AI data centers, prompting the administration to reconsider. The decision comes amid soaring demand for the H20 chips in China, with major tech firms placing over $16 billion in orders earlier this year. They write:
The Trump administration has reversed course on plans to restrict exports of Nvidia’s (NVDA.O), H20 artificial intelligence chips to China after CEO Jensen Huang attended a Mar-a-Lago dinner last week, NPR reported on Wednesday. […]
The change in plans came after Nvidia promised the Trump administration new U.S. investments in AI data centers, the NPR report said. […]
Chinese companies, including ByteDance, Alibaba Group (9988.HK), and Tencent Holdings (0700.HK), have placed at least $16 billion in orders for Nvidia’s H20 server chips in the first three months of the year, the Information reported last week.
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