US President Donald Trump has announced that he will allow Artificial Intelligence chip giant Nvidia to sell its advanced H200 chips to "approved customers" in China.
"We will protect National Security, create jobs for Americans, and maintain America's lead in artificial intelligence," Trump said on social media on Monday.
The decision will apply to other US chip companies such as AMD and comes after extensive lobbying by Nvidia chief Jensen Huang, who visited Washington last week to garner support.
Nvidia - both the world's leading chipmaker and its most valuable company - has found itself at the center of a geopolitical tug-of-war between the US and China in recent months and was banned from selling its most advanced chips to Beijing.
Trump lifted the ban on chip sales in July, but required Nvidia to pay 15% of its Chinese revenue to the US government.
Beijing reportedly then ordered its technology companies to stop buying Nvidia chips manufactured for use in the Chinese market.
"We welcome President Trump's decision to allow the US chip industry to compete to support jobs and high-wage manufacturing in America," Nvidia said in a statement to BBC News.
Nvidia's H200 is a generation after its Blackwell chip, which is considered to be the world's most advanced artificial intelligence semiconductor.
Huang told the BBC in September that the US needed to "make sure people can access this technology from all over the world, including China".
He has also repeatedly warned that China, which has cultivated its own chip manufacturing ecosystem, was too close to the US in chip development. /Telegrafi/
