NVIDIA to boost H20 chip sales to China
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Robust demand for artificial-intelligence chips makes for attractive buying opportunities in several semiconductor stocks headed into earnings season, according to J.P. Morgan.
Congress has approved billions to incentivize the Taiwan-based company to build factories in the U.S.
WASHINGTON] The Trump administration’s decision allowing Nvidia to resume shipments of its H20 artificial intelligence chips to China risks bolstering Beijing’s military capabilities and expanding its capacity to compete with the US in AI,
Chinese Commerce minister Wang Wentao said he hopes that multinational companies including Nvidia would provide Chinese customers with high-quality products,
The U.S. is reportedly holding up the deal due to concerns that AI chips could be smuggled to China from the UAE.
The tech giants said they can resume selling high-end semiconductors to China, in what appears to be a major about-face for the Trump administration.