Nvidia Corp (NASDAQ:NVDA, XETRA:NVD) shares rose 2.3% in after-hours trading and are set to open strongly on Tuesday after President Trump cleared the way for the chip maker to resume selling advanced artificial intelligence processors to China.
The move marks a major win for Nvidia and its chief executive Jensen Huang, who has spent months pressing the White House to relax restrictions that had barred sales of the company’s top-end chips to Chinese customers on national security grounds.
Trump said on Monday that the US will permit exports of Nvidia’s H200 processor to “approved” buyers in China under conditions overseen by the Department of Commerce.
He added that similar arrangements could extend to AMD and Intel. The H200 is Nvidia’s second-most powerful chip and far more capable than the lower-spec H20, which the US also blocked earlier this year.
Trump said the government will take a 25% cut of proceeds, an unusual arrangement that has already drawn legal questions on Capitol Hill.
Democratic senators, including Elizabeth Warren, have warned that loosening controls risks aiding China’s surveillance and military capabilities. Warren has called for Huang to testify before Congress.
Nvidia said the decision “strikes a thoughtful balance”, arguing that tightly vetted sales will support US jobs and manufacturing.