Overview
- President Donald Trump told CBS' 60 Minutes that Nvidia’s most advanced Blackwell processors will not be sold abroad, explicitly barring sales to China.
- Trump did not rule out sales of less capable Blackwell variants to foreign customers, leaving implementation to forthcoming export rules and licenses.
- Nvidia’s plan to deliver more than 260,000 Blackwell chips to South Korea now faces uncertainty, and shares of Samsung, SK hynix and Hyundai Motor fell sharply in Seoul trading.
- Nvidia CEO Jensen Huang said the company currently has no China revenue and has not sought U.S. export licenses for China because Beijing does not want Nvidia operating there.
- Nvidia shares rose about 1.4% in premarket trading after the comments, while China-hawk lawmakers, including Rep. John Moolenaar, urged strict limits on any chip sales to China.