President Trump announced that Nvidia can sell its H200 AI chips to approved customers in China, with the U.S. taking a 25% revenue cut. This decision follows a tentative trade agreement with Chinese President Xi Jinping, aimed at boosting American jobs and manufacturing. Nvidia and AMD previously agreed to share 15% of their revenue from chip sales in China with the U.S. government.

The Trump administration has halted its plans to restrict exports of Nvidia's H20 artificial intelligence chips to China following a dinner with CEO Jensen Huang at Mar-a-Lago. The decision comes after Nvidia pledged new U.S. investments in AI data centers, while Chinese companies have already placed significant orders for these advanced chips.