The US government will allow Nvidia, opens new tab to export its H200 artificial intelligence chips to China, collecting a fee for each chip, US President Donald Trump said on Monday.
Nvidia, opens new tab shares rose 1.2% in after-hours trading after Trump made the announcement on Truth Social, having closed 3.16% higher after Semafor first reported the possibility of approval.
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Trump said that he had informed President Xi Jinping of China, where Nvidia's chips are under government scrutiny, about the move and he "responded positively," according to Trump's post.
Trump said the US Commerce Department was finalising details of the arrangement and the same approach would
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