After export restrictions were loosened by the Trump administration, US tech giant Nvidia will once again sell its H20 AI processor in China. According to a blog post published by the company on Tuesday, the White House promised to provide licenses for the product in the Chinese market.
The government made a U-turn in April when it prohibited the sale of the chip to China due to worries that the technology may be utilised for military purposes. According to Nvidia at the time, it was informed that the export restriction will remain in effect for the “indefinite future.
The limits cost Nvidia $4.5 billion (€3.8 billion) in inventory costs during the April quarter, and the company lost an additional $2.5 billion (€2.1 billion) in sales, the company stated in May. The announcement caused a brief decline in the share price.
Trump reversed the Biden-era limits while in office, but he also placed limitations on Nvidia’s H20 AI processor. A new AI processor designed specifically for China was also shown by Nvidia on Tuesday, and it claimed to be “fully compliant” with export regulations. The statement on Tuesday follows months of lobbying in China and the US by Nvidia CEO Jensen Huang.
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