Nvidia (NVDA) “must live with” the licensing terms on sales of its second most advanced AI chip to China, Commerce Department Secretary Howard Lutnick said at a hearing, Reuters’ David Lawder and Alexandra Alper report. “The license terms are very detailed. They’ve been worked out together with the State Department, and those terms Nvidia must live with,” he said. Reuters reported last week that Nvidia has not agreed to proposed conditions for use of its chips in China, including the Know-Your-Customer requirement, which ensures China’s military does not access the chips.
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