Nvidia is set to resume sales of its H20 AI chips to mainland China after CEO Jensen Huang met with President Donald Trump and anticipates licenses from the US government soon, potentially generating $15-20 billion in extra revenue this year.
The H20 chips, Nvidia's most powerful AI processors available in China due to export restrictions imposed in 2022, are being sought after by Chinese tech giants despite having less computing power than versions sold elsewhere.
Chinese firms like ByteDance and Tencent are reportedly rushing to place orders for the H20 chips, listed on an approved catalog managed by Nvidia, marking a significant development in US-China technology relations.
Nvidia plans to introduce a new 'RTX Pro' chip model tailored for the Chinese market's regulatory rules, as it aims to establish a stronger presence in China's extensive and innovative AI market.