Summary
Nvidia has received approval from the United States government to sell its advanced H20 computer chips to China. This decision allows Nvidia to supply technology crucial for artificial intelligence development, amid ongoing US-China trade tensions over technology exports.
Key Facts
- Nvidia can sell its H20 computer chips to China after getting US government approval.
- Nvidia announced this in a blog post and on China's state-run TV network.
- Nvidia's CEO, Jensen Huang, is in Beijing for a supply chain conference and meeting with Chinese officials.
- US export controls aim to balance national security concerns with economic interests.
- The approval comes amid US-China trade tensions over technology exports.
- Nvidia's market value recently surpassed $4 trillion, highlighting its rapid growth.
- Nvidia warned that tighter export controls could harm US competition in AI technology.
- Nvidia's stock in the US dropped slightly after the announcement, but rose in Frankfurt, Germany.
