Trump Clears Limited Nvidia H200 Exports to China With 25% Payment Pledge

Overview

• President Trump said Nvidia may sell H200 accelerators to approved customers in China under conditions he framed as protecting U.S. national security.
• Trump stated that 25% would be paid to the United States, though officials have not clarified whether this refers to a tariff or another mechanism.
• The Department of Commerce is finalizing implementation, and Trump indicated the approach could also apply to AMD and Intel.
• Nvidia’s newest Blackwell and forthcoming Rubin chips remain excluded from export to China and reserved for U.S. customers.
• A think-tank report said the H200 is far more capable than the previously permitted H20, while Beijing’s earlier guidance to reject U.S. chips and Nvidia’s own comments underscore uncertain Chinese demand.