resume sales of its H20 AI chips to China<\/a> after the United States government pledged to remove licensing restrictions that had halted exports.<\/p>\n\u201cAI is transforming every industry from scientific research and healthcare to energy, transportation and logistics,\u201d said Huang, who also praised China\u2019s \u201csuper-fast\u201d innovation, powered by its \u201cresearchers, developers and entrepreneurs\u201d.<\/p>\n
The California-based company produces some of the world\u2019s most advanced semiconductors but cannot ship its most cutting-edge chips to China due to Washington\u2019s concerns that Beijing could use them to enhance its military capabilities.<\/p>\n
Nvidia developed the H20 \u2013 a less powerful version of its AI processing units \u2013 specifically for export to China. However, that plan stalled when US President Donald Trump\u2019s administration tightened export licensing requirements in April.<\/p>\n
\u201cHuang says he\u2019s now free to sell to the Chinese market thanks to negotiations with China on trade,\u201d Al Jazeera\u2019s Katrina Yu said, reporting from Beijing. \u201cThe Trump administration has confirmed that in exchange for rare earths, it will allow the chip to now be sold into China.\u201d<\/p>\n
\u201cThe US government has assured Nvidia that licenses will be granted, and Nvidia hopes to start deliveries soon,\u201d the company said in a statement on Tuesday, adding that it was \u201cfiling applications to sell the Nvidia H20 GPU again\u201d.<\/p>\n
Nvidia has also announced it is developing a new chip for Chinese clients called the RTX Pro GPU, which would also be compliant with US export restrictions.<\/p>\n
The announcement from Nvidia boosted tech firm stocks around the world with Wall Street\u2019s Nasdaq Composite index rising to another record high and stocks in Hong Kong also rallying.<\/p>\n
The tightened US export curbs were imposed as China\u2019s economy wavers. Domestic consumers are reluctant to spend, and a prolonged property sector crisis is weighing on growth.<\/p>\n
President Xi Jinping has called for greater self-reliance in the face of increasing external uncertainty.<\/p>\n
\u201cChina is really fashioning itself as a champion for free trade and this global supply chain expo is about positioning China as a crucial part of that global logistic infrastructure,\u201d Yu said. \u201cBeijing is trying to make a statement, and that statement is unlike the Trump administration would have the world believe \u2013 China is not replaceable\u201d as evidenced by the roughly 650 companies from 60 countries represented at the expo.<\/p>\n","protected":false},"excerpt":{"rendered":"An estimated 650 companies from 60 countries have gathered at the China International Supply Chain Expo in Beijing.…\n","protected":false},"author":2,"featured_media":13953,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45],"tags":[182,181,507,1204,144,3,13455,74,21,6132],"class_list":["post-13952","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-artificial-intelligence","tag-artificialintelligence","tag-asia-pacific","tag-china","tag-news","tag-science-and-technology","tag-technology","tag-united-states","tag-xi-jinping"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/13952","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=13952"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/13952\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/13953"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=13952"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=13952"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=13952"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}