Overview
- In a CBS 60 Minutes interview and separate remarks to reporters, President Trump said Nvidia’s most advanced Blackwell chips will be kept for U.S. customers and not sold to China.
- Trump left open the possibility of less capable chips being available, saying China could deal with Nvidia on non‑top‑tier parts, and he cast the U.S. as an arbitrator in any arrangements.
- The stance signals a harder line than the administration’s July blueprint, which had sought to expand AI exports to friendly nations.
- Trump’s comments raised questions about whether large allied shipments will proceed, including Nvidia’s recently announced plan to deliver more than 260,000 Blackwell chips to South Korean firms.
- Nvidia CEO Jensen Huang said the company has not applied for U.S. licenses for China because Beijing has effectively blocked its presence there, and Nvidia shares rose about 1.4% in premarket trading after Trump’s remarks.