Nvidia talking to Trump admin. about new China chip
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Nvidia talking to Trump admin. about new China chip
N Nvidia is working with the US government to bring a follow-up to its H20 chip to China, CEO Jensen Huang said. The new chip would be based on Nvidia’s Blackwell architecture but not as powerful as the B200 AI processor the company sells to US companies and abroad. The company’s stock is up 29.4% year-to-date and 40.5% over the last 12 months. The US is by far the company’s largest market, accounting for $61.2 billion in sales.N Nvidia will report its Q3 earnings after the bell on Wednesday.
“I’m offering a new product to China for … AI data centers, the follow-on to the H20,” Huang said while acknowledging that the Trump administration would have to approve the move.
“That’s not our decision to make. It’s up to, of course, the United States government. And we’re in dialogue with them, but it’s too soon to know.”
Nvidia stock was flat on the news. The company’s stock is up 29.4% year-to-date and 40.5% over the last 12 months.
The Trump administration initially banned the sale of Nvidia’s H20 to China, a chip the company specifically made to meet restrictions put in place by the Biden administration, in April. However, Trump changed his mind after meeting with Huang, and the company said it would begin making shipments in July.
Earlier this month, Trump said he would allow Nvidia and rival AMD (AMD) to ship their AI chips with the caveat that they pay 15% of the sale of chips to the US government.
CEO of Nvidia Jensen Huang speaks during a press conference at the Mandarin Oriental Qianmen after attending the third China International Supply Chain Expo, in Beijing, Wednesday, July 16, 2025. (AP Photo/Andy Wong) · ASSOCIATED PRESS
During a press conference confirming the 15% fee, Trump said that he was looking at allowing Nvidia to ship a new chip based on Blackwell.
But Chinese officials have also warned companies about using Nvidia’s chips, saying that they could contain “backdoor” security risks that could allow them to be tampered with. Nvidia has denied the charge and is working with the Chinese government to address the matter.
China, including Hong Kong, accounted for $17.1 billion of Nvidia’s $130.4 billion in revenue in its most recent fiscal year. The US is by far the company’s largest market, accounting for $61.2 billion in sales.
Nvidia will report its Q3 earnings after the bell on Wednesday.
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Source: https://finance.yahoo.com/news/nvidia-talking-to-trump-admin-about-new-china-chip-135232989.html