Trump confirms deal with Nvidia chief to let tech company sell lower-end chips to China
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Trump did not rule out similar deals involving less-advanced versions of the company's most high-tech chips.
The highly unusual deal was
first reported on Sunday by the Financial Times.
The arrangement comes amid Washington's years-long push to restrict Beijing's access to cutting-edge semiconductors, a policy rooted in concerns that advanced AI processors could bolster China's military capabilities.
Since 2022, Washington has imposed export controls on such chips, hitting US chipmakers hard — particularly Nvidia, the dominant player in the industry.
03:34
Nvidia CEO Jensen Huang praises China's AI progress following chip sales approval
Nvidia CEO Jensen Huang praises China's AI progress following chip sales approval
Speaking at a White House news conference, Trump said that the agreement centred around Nvidia's H20 chip, which he called 'obsolete' but still commercially viable.
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