Nvidia's CEO says it gained US approval to sell H20 AI chips to China
The news came in a company blog post late on Monday, and Huang also spoke about the coup on China's state-run CGTN television network in remarks shown on X.
'The US government has assured Nvidia that licences will be granted, and Nvidia hopes to start deliveries soon,' the post said.
'Today, I'm announcing that the US government has approved for us filing licences to start shipping H20s,' Huang told reporters in Beijing.
He noted that half of the world's AI researchers are in China.
'It's so innovative and dynamic here in China that it's really important that American companies are able to compete and serve the market here in China,' he said.
Huang recently met with Trump and other US policymakers, and this week, he is in Beijing to attend a supply chain conference and speak with Chinese officials.
The broadcast showed Huang meeting with Ren Hongbin, the head of the China Council for Promotion of International Trade, which is hosting the China International Supply Chain Expo, which Huang was attending.
Nvidia is an exhibitor.
Nvidia has profited enormously from rapid adoption of AI and last week became the first company to have its market value surpass $4 trillion.
However, the trade rivalry between the US and China has been weighing heavily on the industry.
Washington has been tightening controls on exports of advanced technology to China for years, citing concerns that know-how meant for civilian use could be deployed for military purposes.
The emergence of China's DeepSeek AI chatbot in January renewed concerns over how China might use the advanced chips to help develop its own AI capabilities.
In January before Trump began his second term in office, the administration of US President Joe Biden launched a new framework for exporting advanced computer chips used to develop artificial intelligence, an attempt to balance national security concerns about the technology with the economic interests of producers and other countries.
The White House announced in April that it would restrict sales of Nvidia's H20 chips and AMD's MI308 chips to China.
Nvidia had said the tighter export controls would cost the company an extra $5.5bn, and Huang and other technology leaders have been lobbying Trump to reverse the restrictions.
They have argued that such limits hinder US competition in a leading edge sector in one of the world's largest markets for technology.
They have also warned that US export controls could end up pushing other countries towards China's AI technology.
Nvidia's US-traded shares slipped 0.5 percent in after-hours trading on Monday, but its shares traded in Frankfurt, Germany, jumped 3.2 percent early on Tuesday.
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