The U.S. Commerce Department has begun issuing licenses to NVIDIA, allowing the company to export its H20 chips to China. A U.S. official confirmed this development on Friday, removing a significant hurdle for the AI bellwether's access to a key market.
This decision follows a reversal of an April ban on H20 chip sales to China and comes after NVIDIA CEO Jensen Huang met with President Trump. The issuance of these licenses is a crucial step in restoring NVIDIA's ability to serve the Chinese AI market.
The move is expected to mitigate some of the revenue losses NVIDIA had faced due to previous export restrictions. Regaining access to the Chinese market, even with the H20 chips, is a material positive for NVIDIA's global sales strategy and financial outlook.
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