Trump permits Nvidia to sell advanced chips in China, CEO says

News Snapshot:

Nvidia’s CEO, Jensen Huang, says the chipmaker has won approval from the Trump administration to sell its advanced computer chips used to develop artificial intelligence to China. “Today, I’m announcing that the US government has approved for us filing licenses to start shipping H20s,” Huang told reporters in Beijing. The news came in a company blog post late on Monday. “The US government has assured Nvidia that licenses will be granted, and Nvidia hopes to start deliveries soon,” the post said. Huang also spoke about the coup on China’s state-run CGTN television network in remarks shown on X. Chinese buyers...