China, NVIDIA and Howard Lutnick
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U.S. Commerce Secretary said Nvidia's plans to start selling its H20 chips are tied to ongoing trade discussions with China regarding REEs.
Nvidia CEO Jensen Huang attends the Third China International Supply Chain Expo held in Beijing, on July 17, 2025. [Photo/VCG] The US government has intensified its crackdown on China's high-tech industry in recent years claiming it poses a threat to US "national security".
Commerce Secretary Howard Lutnick explained the Trump administration's turnabout in assuring Nvidia that it [can sell its H20 artificial-intelligence chip](
Separately, stock in Dutch chip company ASML was falling sharply Wednesday after the company cut its outlook, blaming trade wars and tariffs for lower demand.
Nvidia Corp.’s Jensen Huang spent months telling everyone what a grave mistake the US was making restricting shipments of artificial intelligence processors to China — with little sign that his argument was swaying anyone.
Nvidia said it has filed applications to resume selling H20 GPUs in China and has received assurances that licenses will be granted.