NVIDIA Can Sell AI Chips to China
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Nvidia CEO Jensen Huang met with Chinas Commerce Minister Wang Wentao in Beijing on Thursday, as part of his third visit to China in 2025. Wang confirmed the meeting during a press conference on Friday,
Nvidia is set to recoup billions of dollars in revenue as the Trump administration has signaled it will grant licenses for the company to resume sales of its AI chips to China after a surprise export ban in April.
Nvidia Corp. boss Jensen Huang anticipates getting the first batch of US licenses to export H20 AI chips to China soon, formally allowing the company to resume sales of a much sought-after component to the world’s top semiconductor arena.
Industry demands are changing and only about 30 per cent of the country’s intelligent computing capacity is being used.
One analyst boosted his price target on Nvidia’s stock to a level that would imply a $5.7 trillion market cap, with the chip maker seemingly cleared to sell its H20 chip in China again.