Overview

• The U.S. Commerce Department has assured Nvidia that export licenses for its China-compliant H20 AI chips will be granted in the coming days
• Nvidia has submitted formal applications and is preparing logistics to resume chip deliveries to Chinese customers
• Commerce Secretary Howard Lutnick said the export reversal was secured as part of broader U.S.-China negotiations on rare earth magnets
• Chinese tech leaders including ByteDance and Tencent are rushing to place orders through Nvidia’s approved allocation list ahead of license approvals
• CEO Jensen Huang’s recent meetings with President Trump and Chinese officials helped secure approvals and underscored the strategic importance of China’s AI market