Nvidia plans to restart sales of its H20 AI chips to China after receiving assurances from the US government that export licenses would be approved. This marks a major reversal from earlier restrictions imposed under the Trump administration.

The H20 chip was specially designed for China to meet previous US trade rules. However, it was blocked from sale in April. Following the update, US stock futures and Chinese markets reacted positively — the Hang Seng Tech Index rose by 2.2%, and Beijing Sinnet Technology surged by 7.6%.

Nvidia CEO Jensen Huang recently met with former US President Donald Trump and is currently in Beijing for a supply chain expo. He told customers he expects licenses to be granted soon and hopes to resume shipments shortly.

Nvidia also plans to launch a new China-specific chip, the RTX PRO, which doesn’t require US approval as it stays within technical limits set by US export rules.

This policy shift is seen as a big win for Nvidia and Huang, who have criticised US chip curbs in recent months, calling them a “failure” that helped rivals like Huawei. He argued that China couldn’t depend on US chips if they could be restricted at any time.

The H20 is a toned-down version of Nvidia’s top AI chip, created for the Chinese market in response to US restrictions. Nvidia previously warned it could lose billions due to blocked H20 sales.

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