NVIDIA Can Sell AI Chips to China
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Commerce Secretary Howard Lutnick explained the Trump administration's turnabout in assuring Nvidia that it [can sell its H20 artificial-intelligence chip](
20hon MSN
A backroom political deal may have just unlocked billions in frozen AI chip sales to China, with whispers linking Howard Lutnick's Washington connections to Nvidia's sudden pathway back into the world's second-largest economy.
Separately, stock in Dutch chip company ASML was falling sharply Wednesday after the company cut its outlook, blaming trade wars and tariffs for lower demand.
US Commerce Secretary Lutnick states China is only receiving "4th best" Nvidia AI chip, H20, as part of a strategic move
Nvidia Corp.’s Jensen Huang spent months telling everyone what a grave mistake the US was making restricting shipments of artificial intelligence processors to China — with little sign that his argument was swaying anyone.