Overview

• The Trump administration lifted its three-month ban in July and issued H20 export licenses to Nvidia.
• Chinese companies’ renewed orders prompted Nvidia to secure 300,000 H20 units from TSMC.
• On July 31, the Cyberspace Administration of China summoned Nvidia to demand explanations for suspected chip backdoors.
• A People’s Daily commentary urged Nvidia to demonstrate the security of its H20 GPUs under national cybersecurity laws.
• Analysts say the policy reversal risks propelling China’s push for homegrown chip design and shifting the balance in the AI competition.