Chinese firms rush for Nvidia chips as US prepares to lift ban

Summary

• Chipmaker Nvidia is resuming sales of its H20 AI chips in China, following a meeting between CEO Jensen Huang and President Trump, with an expected $15bn-$20bn revenue boost.
• Huang’s meeting with Trump came just days before the president’s planned lunch with Intel CEO Patrick Gelsinger to discuss the semiconductor shortage.
• Following the meeting, Nvidia said it had filed applications to resume sales of the H20 chips, with the US government assuring it licences would be granted.
• Chinese companies including ByteDance and Tencent have reportedly been placing orders for the chips, which are among Nvidia’s most capable AI processors.
• The sales ban on more powerful GPUs remains in place.

By Benj Edwards

Original Article