Beijing is considering allowing only tightly controlled access to Nvidia’s (NVDA) H200 chips, requiring buyers to apply and justify why local alternatives are not sufficient, The Financial Times’ Zijing Wu reports. A final policy has not yet been determined as China continues pushing for semiconductor self-sufficiency. President Donald Trump on Monday said in a Truth Social post that he had told Chinese President Xi Jinping that the US would allow Nvidia “to ship its H200 products to approved customers in China…under conditions that allow for continued strong National Security. President Xi responded positively!”
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NVDA:
- Nvidia Can Sell H200 Chips in China Again — But It Won’t Be Easy
- AMD Stock Pops as U.S. Clears Nvidia (NVDA) Chip Sales to China — Is a New Market Back in Play?
- ‘It’s a Big Moment,’ Says Dan Ives About Palantir Stock
- Closing Bell Movers: Toll Brothers slips 4% after Q4 earnings miss
- Nvidia’s Strategic Expansion in China: A Buy Rating Justified by Market Opportunities