Nvidia said Monday it plans to resume sales of its H20 AI chip to China after receiving assurances from the U.S. government that export licenses will be approved, according to CNN. The move follows a meeting between CEO Jensen Huang and President Trump at the White House and marks a significant development in the ongoing U.S.-China trade negotiations. Commerce Secretary Howard Lutnick confirmed the resumed sales are part of a broader agreement involving Chinese rare earth exports and U.S. tech restrictions. Nvidia previously halted H20 shipments in April after new licensing rules. It estimates it lost $2.5 billion in the first quarter and could miss $8 billion more in the second quarter due to the pause. Nvidia, now valued at $4 trillion, relies on China for 13% of its revenue and has warned that excessive controls could push China to develop its own competing technologies.
