Nvidia developed the H20 – a less powerful version of its AI processing units – specifically for export to China. However, that plan stalled when the Trump administration tightened export licensing requirements in April.
“The US government has assured Nvidia that licenses will be granted, and Nvidia hopes to start deliveries soon,” the company said in a statement Tuesday, adding it was “filing applications to sell the Nvidia H20 GPU again”.
The announcement from Nvidia boosted tech firms around the world, with Wall Street’s Nasdaq exchange rising to another record high and stocks in Hong Kong also rallying.
“MULTIPLE RISKS INTERTWINING”
The tightened US export curbs come as China’s economy wavers, with domestic consumers reluctant to spend and a prolonged property sector crisis weighing on growth.
President Xi Jinping has called for greater self-reliance in the face of increasing external uncertainty.
And in a thinly veiled swipe at Trump in his opening remarks at the expo, Vice Premier He Lifeng said: “… some countries are interfering in the market under the pretext of reducing risk, using measures such as imposing tariffs”.
“Global changes of a century are accelerating, with multiple risks intertwining and piling up,” he said.
“We need to further build a shared consensus on development, firmly oppose the politicisation … and over-securitisation of economic and trade issues, and work together to uphold an open and cooperative international environment.”
Read the full article here
