News Summary

US President Donald Trump has announced that Nvidia, a leading AI chipmaker, will be permitted to sell its H200 AI chips to China under the condition that the United States receives a 25% cut from the sales. This decision comes amidst a backdrop of geopolitical tension between the US and China, with Nvidia previously restricted from selling its most advanced chips to Beijing. The move is aimed at expanding Nvidia’s market reach into China, the world’s largest single market, while maintaining US technological standards globally. The allowance applies to ‘approved customers’ in China, potentially opening up a significant revenue stream for Nvidia and supporting the American chip industry.