China, NVIDIA and AI
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Anita Ramaswamy, columnist at The Information, joins Marketplace’s Meghan McCarty Carino for “Tech Bytes: Week in Review.”
Nvidia founder and CEO Jensen Huang has been active on the government relations and lobbying front, and now he’s got something big to show for his efforts: the Trump Administration has agreed to lift a ban on selling Nvidia H20 AI chips to China.
Treasury Secretary Scott Bessent’s comments and news of the resumption of H20 chip sales to China have excited Wall Street.
Bloomberg on MSN5h
Trump's Nvidia U-Turn Spurs Talk of Bargain With ChinaJoe Biden's administration declared export controls a "new strategic asset" to maintain a lead over China in advanced technology, but US President Donald Trump is now upending that approach. In a reversal this week,
Jim Cramer believes that Nvidia Corp. (NASDAQ:NVDA) is poised to get a significant boost with the U.S. government assuring licenses for the sale of its H20 chips or general processing units to China,
Jensen Huang extolled China’s technological advances and said President Trump wouldn’t mind his meetings in Beijing.
Nvidia said it has filed applications to resume selling H20 GPUs in China and has received assurances that licenses will be granted.
Nvidia Corp.’s Jensen Huang spent months telling everyone what a grave mistake the US was making restricting shipments of artificial intelligence processors to China — with little sign that his argument was swaying anyone.