Donald Trump said he may allow Nvidia to sell a more advanced artificial intelligence chip in China, after confirming he had “negotiated a little deal” to give the US a share of the chipmaker’s revenues from the country.
The unprecedented deal the president struck with Nvidia’s chief executive Jensen Huang, revealed by the FT, involves the US taking 15 per cent of Chinese sales of its H20 chip, which it introduced in 2023 to comply with Biden-era export controls.
The performance of the H20 chips sold to China is restricted, compared with those available to US customers. Trump on Monday said that he planned to discuss a new deal with Huang to allow Nvidia to sell chips to China based on its latest, and most advanced, Blackwell platform.
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