Trump Administration Pauses Nvidia H20 Chip Export Restrictions to China
The decision follows Nvidia's pledge to invest in U.S. AI data centers and a high-profile Mar-a-Lago dinner attended by CEO Jensen Huang.
- The Trump administration has halted plans to restrict Nvidia's H20 AI chip exports to China, which were expected to be implemented soon.
- Nvidia CEO Jensen Huang attended a $1 million-per-plate dinner at Mar-a-Lago last week, reportedly influencing the policy reversal.
- Nvidia committed to increasing investments in U.S.-based AI data centers as part of the discussions with the administration.
- Chinese companies preemptively purchased $16 billion worth of H20 chips earlier this year, anticipating potential export restrictions.
- The H20 chip is Nvidia's most advanced AI product legally exportable to China, tailored to comply with existing U.S. export controls.