Trump says chipmaker will be allowed to export to ‘approved customers’, in shift away from Washington’s export controls.
US President Donald Trump has cleared the way for tech giant Nvidia to sell its advanced H200 chip to China, in a significant easing of Washington’s export controls targeting Chinese tech.
Trump said on Monday that he had informed Chinese President Xi Jinping of the decision to allow the export of the chip under an arrangement that will see 25 percent of sales paid to the US government.
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Trump said exports would be allowed to “approved customers” under conditions that protect national security, and that his administration would take the “same approach” in relation to other chipmakers, such as AMD and Intel.
“This policy will support American Jobs, strengthen U.S. Manufacturing, and benefit American Taxpayers,” Trump said on Truth Social.
Nvidia, which is based in Santa Clara, California, said the move struck a “thoughtful balance” and would “support high paying jobs and manufacturing in America”.
Nvidia shares jumped more than 2 percent in after-hours trading on the news.
Trump’s announcement marks a major departure from the policy of former President Joe Biden’s administration, which confined Nvidia and other chipmakers to exporting downgraded versions of their products specifically designed for the Chinese market.
In his Truth Social post, Trump slammed the Biden administration’s approach, claiming it had led to US tech companies spending billions of dollars on downgraded products that “nobody wanted”.
The H200, launched in 2023, is Nvidia’s most powerful chip outside of the latest-generation Blackwell series, which Trump confirmed would continue to be restricted for the Chinese market.
While not Nvidia’s most advanced chip, the H200 is almost six times as power