Reported about 9 hours ago
Chinese firms are quickly trying to purchase Nvidia's H20 AI chips after the company announced plans to resume sales to China following a meeting between its CEO and U.S. President Trump. With U.S. export restrictions hindering sales due to national security concerns, Nvidia is pursuing licenses to facilitate shipments, which could bring in $15 to $20 billion in revenue. While companies like ByteDance and Tencent are expected to submit orders, scrutiny from U.S. senators remains a potential hurdle as both nations navigate easing tensions.
Source: YAHOO