Overview

• The Commerce Department will issue export licenses for Nvidia’s H20 chip, undoing the April ban and enabling shipments to restart.
• U.S. officials emphasize that only the China-specific, down-tiered H20 variant and AMD’s MI308 accelerators qualify for export under tightened controls.
• The policy shift is part of broader trade discussions with China, including a framework agreement on rare-earth magnet exports.
• Chinese tech giants such as ByteDance and Tencent have begun rushing to place orders as Nvidia files license applications.
• Nvidia executives warned that losing access to China’s projected $50 billion AI accelerator market would materially harm the company’s growth prospects.