Nvidia's CEO says it gained US approval to sell H20 AI chips to China
The news came in a company blog post late on Monday, and Huang also spoke about the coup on China's state-run CGTN television network in remarks shown on X.
'The US government has assured Nvidia that licences will be granted, and Nvidia hopes to start deliveries soon,' the post said.
'Today, I'm announcing that the US government has approved for us filing licences to start shipping H20s,' Huang told reporters in Beijing.
He noted that half of the world's AI researchers are in China.
'It's so innovative and dynamic here in China that it's really important that American companies are able to compete and serve the market here in China,' he said.
Huang recently met with Trump and other US policymakers, and this week, he is in Beijing to attend a supply chain conference and speak with Chinese officials.
The broadcast showed Huang meeting with Ren Hongbin, the head of the China Council for Promotion of International Trade, which is hosting the China International Supply Chain Expo, which Huang was attending.
Nvidia is an exhibitor.
Nvidia has profited enormously from rapid adoption of AI and last week became the first company to have its market value surpass $4 trillion.
However, the trade rivalry between the US and China has been weighing heavily on the industry.
Washington has been tightening controls on exports of advanced technology to China for years, citing concerns that know-how meant for civilian use could be deployed for military purposes.
The emergence of China's DeepSeek AI chatbot in January renewed concerns over how China might use the advanced chips to help develop its own AI capabilities.
In January before Trump began his second term in office, the administration of US President Joe Biden launched a new framework for exporting advanced computer chips used to develop artificial intelligence, an attempt to balance national security concerns about the technology with the economic interests of producers and other countries.
The White House announced in April that it would restrict sales of Nvidia's H20 chips and AMD's MI308 chips to China.
Nvidia had said the tighter export controls would cost the company an extra $5.5bn, and Huang and other technology leaders have been lobbying Trump to reverse the restrictions.
They have argued that such limits hinder US competition in a leading edge sector in one of the world's largest markets for technology.
They have also warned that US export controls could end up pushing other countries towards China's AI technology.
Nvidia's US-traded shares slipped 0.5 percent in after-hours trading on Monday, but its shares traded in Frankfurt, Germany, jumped 3.2 percent early on Tuesday.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Al Jazeera
8 minutes ago
- Al Jazeera
G20 finance ministers reach consensus on key economic issues
The finance ministers of the Group of 20 have finally reached a consensus following meetings in South Africa, emphasising that central banks must remain independent in reaction to months of attacks by United States President Donald Trump. In their final statement published on Friday, following two days of meetings in the coastal city of Durban, the grouping agreed on key challenges for the global economy, including ongoing wars and conflicts, trade disputes, supply chain disruptions, debt and natural disasters. The G20 finance ministers have met several times since the beginning of the year, but have been unable to agree on a joint statement at previous summits. 'Central banks are strongly committed to ensuring price stability, consistent with their respective mandates, and will continue to adjust their policies in a data-dependent manner,' the grouping said in Friday's joint declaration, their first communique since October. 'Central bank independence is crucial to achieving this goal,' read the statement, which was also signed by the US. Trump has for a long time been criticising the Federal Reserve – the central bank of the US – mainly over its decision on interest rates. His attacks have intensified during his second term in office, and have mainly targeted Federal Reserve boss Jerome Powell, whom he has called a 'moron', 'numbskull', and 'stubborn mule'. Trump is unhappy with the central bank's decision to lower interest rates slower than he prefers in an effort to fight inflation. He has also strongly criticised Powell for his handling of a project to renovate the Federal Reserve headquarters in Washington, DC. The joint communique on Friday was reached in the absence of US Treasury Secretary Scott Bessent, but Washington was represented by Michael Kaplan, acting undersecretary of the Treasury for international affairs. Bessent had also missed the previous gathering of the finance ministers of the G20 in Cape Town in February, when the representatives had failed to reach a joint stance to the dismay of host country South Africa. Economic 'uncertainty', complex challenges The US is set to assume the G20's rotating presidency in December, but it reportedly plans to shift its approach to the multilateral institution, which it helped found in 1999. Three unnamed US sources cited by the Reuters news agency said on Friday that Washington plans to focus on the G20 leaders' summit and the financial meetings in November, eliminating other working groups and ministerial-level meetings, including those on energy, healthcare, commerce, and environment. The US has already withdrawn from co-chairing a working group on sustainable finance with China, and it remains unclear whether Trump will join the leaders' summit in South Africa. In its joint statement, the group also highlighted the global trade landscape that has increasingly been rocked by Trump's tariffs, as well as wars involving the US and its allies. 'The global economy is facing heightened uncertainty and complex challenges, including ongoing wars and conflicts, geopolitical and trade tensions,' it said. The G20 is made up of 19 nations, as well as the European Union and the African Union, and its members account for more than 80 percent of the world's economic output.
Al Jazeera
8 minutes ago
- Al Jazeera
New reports cast doubt on impact of US strikes on Iran's nuclear sites
Washington, DC – New media reports in the United States, citing intelligence assessments, have cast doubt over President Donald Trump's assertion that Washington's military strikes last month 'obliterated' Iran's nuclear programme. The Washington Post and NBC News reported that US officials were saying that only one of the three Iranian nuclear sites – the Fordow facility – targeted by the US has been destroyed. The Post's report, released on Friday, also raised questions on whether the centrifuges used to enrich uranium at the deepest level of Fordow were destroyed or moved before the attack. 'We definitely can't say it was obliterated,' an unidentified official told the newspaper, referring to Iran's nuclear programme. Trump has insisted that the US strikes were a 'spectacular' success, lashing out at any reports questioning the level of damage they inflicted on Iran's nuclear programme. An initial US intelligence assessment, leaked to several media outlets after the attack last month, said the strikes failed to destroy key components of Iran's nuclear programme and only delayed its work by months. But the Pentagon said earlier in July that the attacks degraded the Iranian programme by one to two years. While the strikes on Fordow – initially thought to be the most guarded facility, buried inside a mountain – initially took centre stage, the NBC News and Washington Post reports suggested that the facilities in Natanz and Isfahan also had deep tunnels. 'Impenetrable' The US military did not use enormous bunker-busting bombs against the Isfahan site and targeted surface infrastructure instead. A congressional aide familiar with intelligence briefings told the Post that the Pentagon had assessed that the underground facilities at Isfahan were 'pretty much impenetrable'. The Pentagon responded to both reports by reiterating that all three sites were 'completely and totally obliterated'. Israel, which started the war by attacking Iran without direct provocation last month, has backed the US administration's assessment, while threatening further strikes against Tehran if it resumes its nuclear programme. For its part, Tehran has not provided details about the state of its nuclear sites. Some Iranian officials have said that the facilities sustained significant damage from US and Israeli attacks. But Supreme Leader Ali Khamenei said after the war that Trump had 'exaggerated' the impact of the strikes. The location and state of Iran's highly enriched uranium also remain unknown. Iran's nuclear agency and regulators in neighbouring states have said they did not detect a spike in radioactivity after the bombings, suggesting the strikes did not result in uranium contamination. But Rafael Grossi, the head of the United Nations nuclear watchdog, the IAEA, did not rule out that the uranium containers may have been damaged in the attacks. 'We don't know where this material could be or if part of it could have been under the attack during those 12 days,' Grossi told CBS News last month. According to Grossi, Iran could resume uranium enrichment in a 'matter of months'. The war Israel launched a massive attack against Iran on June 13, killing several top military officials, as well as nuclear scientists. The bombing campaign targeted military sites, civilian infrastructure and residential buildings across the country, killing hundreds of civilians. Iran responded with barrages of missiles against Israel that left widespread destruction and claimed the lives of at least 29 people. The US joined the Israeli campaign on June 22, striking the three nuclear sites. Iran retaliated with a missile attack against an air base housing US troops in Qatar. Initially, Trump said the Iranian attack was thwarted, but after satellite images showed damage at the base, the Pentagon acknowledged that one of the missiles was not intercepted. 'One Iranian ballistic missile impacted Al Udeid Air Base June 23 while the remainder of the missiles were intercepted by US and Qatari air defence systems,' Pentagon spokesperson Sean Parnell told Al Jazeera in an email last week. 'The impact did minimal damage to equipment and structures on the base. There were no injuries.' After a ceasefire was reached to end the 12-day war, both the US and Iran expressed willingness to engage in diplomacy to resolve the nuclear file. But talks have not materialised. Iran and the US were periodically holding nuclear talks before Israel launched its war in June. EU-Iran talks During his first term in 2018, Trump withdrew the US from the 2015 multilateral nuclear agreement, known as the Joint Comprehensive Plan of Action (JCPOA). The agreement saw Iran scale back its nuclear programme in exchange for lifting international sanctions against its economy. In recent days, European officials have suggested that they could impose 'snap-back' sanctions against Iran as part of the deal that has long been violated by the US. Tehran, which started enriching uranium beyond the limits set by the JCPOA after the US withdrawal, insists that Washington was the party that nixed the agreement, stressing that the deal acknowledges Iran's enrichment rights. I had a joint teleconference with E3 FMs & EU HR last night, in which I made the following points clear: It was the US that withdrew from a two-year negotiated deal -coordinated by EU in 2015- not Iran; and it was US that left the negotiation table in June this year and chose a… — Seyed Abbas Araghchi (@araghchi) July 18, 2025 On Friday, Iranian Foreign Minister Abbas Araghchi said he held talks with the top diplomats of France, the United Kingdom and Germany – known as the E3 – as well as the European Union's high representative. Araghchi said Europeans should put aside 'worn-out policies of threat and pressure'. 'It was the US that withdrew from a two-year negotiated deal – coordinated by EU in 2015 – not Iran; and it was US that left the negotiation table in June this year and chose a military option instead, not Iran,' the Iranian foreign minister said in a social media post. 'Any new round of talks is only possible when the other side is ready for a fair, balanced, and mutually beneficial nuclear deal.' Tehran denies seeking a nuclear bomb. Israel, meanwhile, is widely believed to have an undeclared nuclear arsenal.
Al Jazeera
an hour ago
- Al Jazeera
Brazil authorities raid Bolsonaro's home, require him to wear monitor
Federal police have raided the home and headquarters of former Brazilian President Jair Bolsonaro, with authorities ordering him to wear an ankle monitor amid concerns he may flee the country. Police said in a statement Friday that they had issued search warrants ordered by the country's Supreme Court, but did not name Bolsonaro, who governed Latin America's largest country from 2019 to 2022. Brazil's Supreme Court later confirmed the raid, quoting the country's prosecutor general as saying there was a 'concrete' possibility that Bolsonaro would flee the country amid his ongoing trial over alleged efforts to overturn President Luiz Inacio Lula da Silva's election victory in January 2023. The court stated that Bolsonaro had been ordered to wear an ankle bracelet, cease using social media, and sever all contacts with foreign officials. He was also barred from approaching foreign embassies or consulates in Brazil. The top court's statement also revealed that Brazilian police have accused Bolsonaro of working with his son, Eduardo, a Brazilian lawmaker who has been lobbying in Washington, DC, to influence the administration of US President Donald Trump to impose sanctions on Brazil. The claim comes after Trump earlier this month threatened Brazil with a 50-percent tariffs on goods if Bolsonaro is not granted legal reprieve. Responding to the latest actions, Bolsonaro's lawyers expressed 'surprise and indignation' at what they called 'severe precautionary measures imposed against him'. They added that Bolsonaro has so far complied with court orders. In a post on social media, Eduardo Bolsonaro alleged that the legal actions were retaliation for a video his father posted on Thursday, thanking Trump for his support. Speaking to reporters on Friday, the elder Bolsonaro denied that he was considering fleeing the country. 'The goal is supreme humiliation,' he said. Trump tariff threats In a Truth Social post last week, Trump claimed that Brazilian authorities have 'done nothing but come after [Bolsonaro], day after day, night after night, month after month, year after year!' 'He is not guilty of anything, except having fought for THE PEOPLE,' Trump wrote. Brazilian Prosecutor-General Paulo Gonet, in a 517-page document released late on Monday, called for Bolsonaro to be convicted for his alleged crimes, which could see the former leader spend decades behind bars. 'The evidence is clear: the defendant acted systematically, throughout his mandate and after his defeat at the polls, to incite insurrection and the destabilisation of the democratic rule of law,' Gonet said in the filing. Trump himself faced four criminal indictments following his first term, including one related to his efforts to overturn his own 2020 election loss. He, like Bolsonaro, has repeatedly claimed he has been the victim of a political 'witch hunt'. The US pressure campaign comes as Trump continues to threaten sweeping reciprocal tariffs on dozens of trade partners, although the threat against Brazil has stood out for its particularly personal tone. Trump has maintained friendly ties with Bolsonaro, sometimes called the 'Trump of the Tropics', stretching back to the US president's first term from 2017 to 2021. Speaking on Thursday, Lula said Trump's tariff threat lacked 'logic'. 'We cannot have President Trump forgetting that he was elected to govern the US, not to be the emperor of the world,' Lula said. He added that Bolsonaro was not 'being judged personally' by the country's independent judiciary, but 'being judged by the acts he tried to organise a coup d'etat'.
