Nvidia to resume H20 chip sales to China after U.S. assures export licenses

Nvidia (NASDAQ:NVDA) said Tuesday it hopes to resume sales of its H20 GPUs to Chinese clients, citing U.S. government assurances that export licenses will be granted.

“The U.S. government has assured NVIDIA that licenses will be granted, and NVIDIA hopes to start deliveries soon,” the company said in a statement.

Sales had been halted in April despite the chips being designed to bypass export restrictions.

This follows a preliminary trade deal last month that sought China to resume rare earth exports and the U.S. to ease tech export restrictions.

Nvidia CEO Jensen Huang has criticized chip restrictions for hurting U.S. tech leadership and halving Nvidia’s China market share.

Huang also unveiled a new compliant chip, the RTX PRO, aimed at smart factories and logistics. The executive recently met with President Trump to express support for U.S. job creation, onshoring, and AI leadership. He also met with Chinese officials to promote safe AI collaboration.