Nvidia to resume H20 chip sales to China, CEO Jensen Huang says civil AI models should run on American tech stack
The chip maker further stated that it has filed 'applications to sell the NVIDIA H20 GPU again' adding 'The US government has assured NVIDIA that licenses will be granted, and NVIDIA hopes to start deliveries soon.'
'General-purpose, open-source research and foundation models are the backbone of AI innovation,' Huang explained to reporters in D.C. 'We believe that every civil model should run best on the U.S. technology stack, encouraging nations worldwide to choose America.'
The restart of H20 chip sales is an important step for NVIDIA's business in China. U.S. export rules have blocked chip companies from selling high-end AI chips to China, so NVIDIA had to create special versions for the Chinese market.
CNBC's Mad Money host Jim Cramer reacted to the news on X, calling it 'so huge' that it might boost Nasdaq futures. Following the news, Nasdaq-100 futures went up by 12.50 points to 23,048.00, and the Dow Jones gained 88.14 points to reach 44,459.65 today.
The Bloomberg report quoted Vey-Sern Ling, managing director at Union Bancaire Privee, who said 'Nvidia resuming the sale of H20 to China is obviously positive. Not just for the company but also the AI semiconductor supply chain, as well as China tech platforms that are building AI capabilities. This is also a good development for US-China relations.'
Additionally, Huang also announced a new, fully compliant
NVIDIA RTX PRO GPU
that 'is ideal for
digital twin AI
for smart factories and logistics.'
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