Overview

• The US Bureau of Industry and Security granted initial export licenses for Nvidia’s H20 accelerators following meetings between President Trump and CEO Jensen Huang.
• Nvidia and AMD agreed to pay 15 percent of their China AI-chip revenues to the US government as a condition for export approval.
• Beijing is leveraging the licensing deal to press Washington for relaxed controls on high-bandwidth memory chips vital to its AI ambitions.
• Chinese regulators have raised concerns about alleged backdoors in US-made GPUs and are seeking formal security assurances, which Nvidia denies.
• Exports and revenue concessions are viewed as a prelude to technology discussions at a possible Xi-Trump summit.