On Monday, President Donald Trump announced in a Truth Social post that he had "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 the terms of this deal, Nvidia will pay the U.S. government 25 percent of profits from the sale of H200 chips, and any potential customers will be "vetted by the Department of Commerce," according to CNBC. The president added that he'll apply the same approach to Advanced Micro Devices (AMD), Intel, and "other GREAT American Companies."
