"I have informed President Xi, of China, that the United States will allow NVIDIA to ship its H200 products to approved customers in China, and other Countries, under conditions that allow for continued strong National Security. President Xi responded positively! $25% will be paid to the United States of America. "

The Department of Commerce will allow Nvidia to ship H200 chips to China, as originally reported by Semafor, to approved customers in the country. The U.S. will take a 25% cut of these sales, CNBC reported.

President Trump announced Monday that he will allow California-based Nvidia to sell its advanced H200 computer chips to "approved customers" in China, a boost to the semiconductor giant whose chips are widely used for artificial intelligence.

China is set to limit access to Nvidia’s (NVDA) advanced H200 chips despite President Donald Trump’s decision to allow the export of the GPUs to China.

President Donald Trump said Monday that he would allow Nvidia to sell an advanced type of computer chip used in the development of artificial intelligence to “approved customers” in China.

President Trump said Nvidia can export some chips. But years of U.S. restrictions have propelled China to make everything it needs for advanced A.I.

Nvidia shares rose 1.7% in U.S. premarket trading on Tuesday after President Donald Trump said he will allow the sale of its H200 chips to approved Chinese customers, easing concerns over access to one of its biggest markets.

President Donald Trump granted Nvidia Corp. permission to ship its H200 artificial intelligence chip to China in exchange for a 25% surcharge, a move that lets the world’s most valuable

The announcement ended what has effectively been a ban on AI chip sales to the world's second-largest economy and America's strategic adversary.