Overview

• The U.S. government has assured Nvidia that licenses will be granted for H20 chips and new RTX Pro GPUs, allowing the company to apply and soon begin deliveries to Chinese customers.
• AMD has obtained similar approval to restart exports of its Instinct MI308 accelerators under the same reciprocal deal with China.
• The accord links access to advanced AI chips with eased Chinese controls on rare earth mineral exports, reflecting a broader compromise in the U.S.-China trade and security standoff.
• Nvidia previously wrote down $4.5 billion of H20 inventory and warned of up to $15 billion in lost revenue without China, making regained market access vital to its financial recovery.
• Following the announcement, Nvidia’s stock jumped over 4 percent and AMD shares rose around 7 percent on expectations of unlocking billions in stranded inventory.