Nvidia, AMD Get Green Light To Restart Certain AI Chip Sales To China

Bloomberg reports, “AMD received similar assurances from the US Commerce Department and plans to restart shipments of its MI308 chips to China once licenses for sales are approved.”

This means both AMD and Nvidia will be able to resume shipments of certain AI chips to China, pending license approvals.

In premarket trading, shares of both AMD and Nvidia were trading 4.5% higher.

Earlier, Nvidia announced that its H20 AI chips would be approved for export to China under a U.S. export license… Read below.

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Nvidia shares rose as much as 5% in premarket trading in New York after the company announced in a blog post that exports of its H20 AI chips to China would be approved under a U.S. export license — a major reversal from the Trump administration’s earlier stance aimed at curbing Beijing’s AI ambitions.

Nvidia CEO Jensen Huang visited the White House last week, appeared in a CNN interview on Sunday, and is now in China, where he met with government and industry officials to discuss AI.

In his CNN interview, Huang emphasized that ensuring U.S. leadership in the AI race requires global AI systems to be built on the American tech stack, not Chinese technology. In other words, export restrictions on Nvidia chips would need to be lifted.

CNN’s Fareed Zakaria speaks with Jensen Huang. Source: CNN

Nvidia’s blog post provided further details on the resumption of H20 AI chip shipments to China:

In Beijing, Huang met with government and industry officials to discuss how AI will raise productivity and expand opportunity. The discussions underscored how

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