Overview

• The U.S. government secured assurances that export licenses for the H20 variant will be granted, overturning the April sales ban on China‐specific AI accelerators.
• The deal is linked to China’s commitment to boost rare‐earth mineral shipments to the U.S., reflecting a broader détente on technology trade.
• Nvidia plans to roll out an RTX PRO model tailored for China, which falls below technical thresholds requiring U.S. approval.
• Commerce Secretary Howard Lutnick said China will receive only Nvidia’s “fourth best” chip to ensure continued reliance on the American technology stack.
• Global markets reacted positively, with Nasdaq futures and Hong Kong’s Hang Seng Tech Index rising after the announcement.