Over $1B in smuggled NVIDIA chips sold in China
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The head of a House of Representatives panel on China told U.S. Commerce Secretary Howard Lutnick that resuming sales of Nvidia's H20 chips to China threatens to advance Beijing's AI capability, stepping up his criticism of the decision and saying the original ban was "the right call.
Qihoo 360 founder says the US-sanctioned firm will support domestic chips as ‘the more they are used, the more they will improve’.
NVIDIA resumes shipping its H20 AI GPU into China, piggybacking its new B30 AI GPU for China later this year, thanks to US export restriction ease.
Nvidia's H20 chip has re-entered the Chinese market but is facing an underwhelming reception, as influential tech leaders increasingly favor local semiconductor alternatives. Zhou Hongyi, co-founder and chairman of 360 Security Technology Inc.
Under the export rules implemented during the Biden administration, Nvidia was allowed to sell the H20 chip in China up until April 2025.
Nvidia is set to recoup billions of dollars in revenue as the Trump administration has signaled it will grant licenses for the company to resume sales of its AI chips to China after a surprise export ban in April.
Nvidia CEO Jensen Huang noted the connection between energy policy and AI leadership, saying Trump's pro-energy stance as essential for America's artificial intelligence future.
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