Commerce Secretary Howard Lutnick stated that the Trump administration allows Nvidia to sell its 'fourth best' AI chips in China.
Nvidia received assurances from the administration to resume selling its H20 chip designed specifically for China, despite being technologically inferior.
Lutnick mentioned that Nvidia sells three other chips superior to the H20, with plans for even more powerful chips in the future.
The administration believes that allowing China access to AI chips will benefit the US by making China reliant on American technology.