U.S. Plans to Approve Export of Nvidia’s H200 Chip to China

Key Highlights

• Semafor previously reported the expected approval. The move follows a meeting between President Trump and Nvidia Chief Executive Jensen Huang last week, where the pair discussed H200 exports, people familiar with the matter said.
• Nvidia shares added more than 1%. Administration officials including Secretary of State Marco Rubio torpedoed a push from Nvidia to sell a slimmed down Blackwell chip to China before a recent trade meeting between Trump and China’s Xi Jinping. Some officials including AI Czar David Sacks and Commerce Secretary Howard Lutnick have backed exporting the H200 because it could be a good compromise that allows Nvidia to compete with China’s Huawei Technologies without vaulting China past the U. S.
• in AI, people familiar with the discussions said. Earlier this year, the Trump administration approved H20 exports to China in exchange for 15% of the sales going to the U. S.
• government, only for China to tell its companies not to use the chips because of alleged security concerns.
• Some analysts viewed the Chinese message as a negotiating tactic to get a better chip like the H200.