Overview
- The Commerce Department confirmed it will grant export licences for Nvidia’s H20 GPUs, allowing the company to resume sales in China after an April ban.
- Some Trump administration officials are withholding approval for a separate UAE AI chip deal over national-security concerns that China could gain indirect access.
- Nvidia CEO Jensen Huang said Chinese customers’ demand for H20 chips is high and announced plans to develop an export-compliant RTX Pro GPU for the Chinese market.
- The House Select Committee on the Chinese Communist Party has launched an inquiry into the H20 policy reversal, seeking detailed explanations of its security implications.
- Wall Street analysts project Nvidia’s China revenue could rebound to between $15.5 billion and $20.5 billion in fiscal 2026 if licences are granted and orders materialize.