Overview

• The U.S. government has assured Nvidia that licenses will be granted for H20 chips and a new fully compliant RTX Pro GPU, clearing the path for resumed sales in China.
• AMD secured parallel approval to ship its Instinct MI308 AI accelerators to Chinese customers under the same export relief framework.
• April’s export bans forced Nvidia to write down up to $15 billion in unsold H20 inventory and spurred the development of compliant chip variants.
• Nvidia’s stock jumped more than 4 percent after the announcement as investors anticipated a rebound in China revenue.
• The export concessions follow a U.S.-China mineral agreement but leave key details on terms and the durability of eased controls still unclear.