Nvidia has received approval from the U.S. government to sell its advanced H20 AI chips to China, CEO Jensen Huang announced.
The company expects to start shipments soon, according to a blog post and Huang’s remarks on China’s state-run CGTN.
The H20 chip is a powerful graphics processing unit designed for artificial intelligence applications. While less advanced than Nvidia’s top models, it complies with U.S. export restrictions that limit sales of the most powerful chips to China.
Huang emphasized China’s importance in AI research, noting that half of the world’s AI researchers are based there. He said it is vital for American companies to compete and serve the Chinese market.
Nvidia’s approval comes amid ongoing U.S.-China trade tensions and tighter controls on technology exports aimed at preventing military use of civilian tech. Restrictions on AI chip sales have been a major point of contention in the AI race between the two countries.
The company has profited greatly from the AI boom, recently becoming the first firm to reach a $4 trillion market value.
Huang is currently in Beijing attending a supply chain conference and meeting Chinese officials, including Ren Hongbin of the China Council for Promotion of International Trade.
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U.S. President Donald Trump on Tuesday accused Democratic Senator Adam Schiff of committing mortgage fraud, claiming the lawmaker should be "brought to justice"- a statement Schiff condemned as political persecution.
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Start your day informed with AnewZ Morning Brief: here are the top news stories for 10th July, covering the latest developments you need to know.
China and the Association of Southeast Asian Nations will send an upgraded ‘version 3.0’ free-trade agreement to their heads of government for approval in October, Chinese Foreign Minister Wang Yi said on Saturday after regional talks in Kuala Lumpur.
Chinese automaker Chery has denied an industry-ministry audit that disqualified more than $53 million in state incentives for thousands of its electric and hybrid vehicles, insisting it followed official guidance and committed no fraud.
Hollywood star Sydney Sweeney is reportedly the top contender to become the next Bond girl, as director Denis Villeneuve and Amazon look to modernise the James Bond franchise.
Five people were injured during the fifth day of Pamplona’s San Fermin bull run, as bulls from the Jandilla ranch in Spain completed the route in this year’s fastest time.
Apple and mining company MP Materials announced a joint $500 million investment to develop a rare earth magnet recycling facility, with plans to bolster U.S.-based production and reduce reliance on China.
Meta CEO Mark Zuckerberg announced plans to invest hundreds of billions of dollars into building next-generation AI data centres, signalling an aggressive long-term bet on superintelligence and reaffirming Meta’s leadership ambitions in the global AI race.
Peggy Whitson, NASA retiree turned private astronaut, headed for splashdown in the Pacific on Tuesday after her fifth trip to the International Space Station, joined by crewmates from India, Poland, and Hungary returning from their countries’ first ISS mission.
A team led by Prof. Mingtai Wang at the Hefei Institutes of Physical Science has developed a breakthrough method to control the spacing of titanium dioxide nanorods without changing their size, significantly improving solar cell efficiency.
Israeli researchers have unveiled an artificial intelligence tool that can determine a person’s true biological age from tiny DNA samples with remarkable precision.
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