US licenses Nvidia to export chips to China, official says
The commerce department has started issuing licenses to Nvidia (NVDA.O) to export its H20 chips to China, a U.S. official told Reuters on Friday, removing a significant hurdle to the AI bellwether's access to a key market.
The U.S. last month reversed an April ban on the sale of the H20 chip to China. The company had tailored the microprocessor specially to the Chinese market to comply with the Biden-era AI chip export controls.
The curbs will slice $8 billion off sales from its July quarter, the chipmaker has warned.
Nvidia CEO Jensen Huang met with Trump on Wednesday, two sources familiar with the matter told Reuters.
Market Data 
Markets 
AI
