Nvidia says that the company's CEO, Jensen Huang, has given the Trump administration approval to the tech giants to sell advanced H20 artificial intelligence chips to Chinese buyers.Huang shared the news in a company blog post late Monday, discussing the development in an interview with China's state-run CGTN. The excerpt was aired on X.“The US government has assured Nvidia that the license will be granted, and Nvidia wants to start delivering it soon,” the blog says.“It's so innovative and dynamic here in China that it's very important that American companies can compete and contribute to the market here in China,” he said, citing the AP.“Today, I am announcing that the US government has approved the US submission to submit a license to commence H20 shipments,” Huang told reporters in Beijing. He further emphasized that half of the world's AI researchers are in China.In April, the White House announced plans to limit sales of Nvidia's H20 chips and AMD's MI308 to China. Nvidia warned that export control could cost the company another $5.5 billion.Huang, alongside other top tech executives, was lobbying President Donald Trump to facilitate restrictions. They argued that limits would slow America's competitiveness in sectors essential to the global economy, risking losing its position in one of the world's largest high-tech markets.Huang's comments are coming just before his scheduled appearance at the opening ceremony of the 3rd China International Supply Chain Expo on Wednesday, according to Chinese state media. The expo's exterior marks the third visit to China this year.Despite facing tough competition with local players like Huawei, Nvidia continues to be committed to the market. On a previous visit to Beijing in April, fans told the Chinese deputy prime minister that he saw strong possibilities for the Chinese economy and expressed his willingness to deepen Nvidia's presence within the country.In May, the Financial Times reported that NVIDIA was planning to establish a research and development centre in Shanghai, but neither the company nor local authorities had confirmed their report to AFP at the time.
