Nvidia, AMD to Resume China Chips Sales

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.Nvidia Corp. and Advanced Micro Devices Inc. plan to resume sales of some AI chips in China after securing Washington’s assurances that such shipments would get approved, a dramatic reversal from the Trump administration’s earlier stance on measures designed to limit Beijing’s AI ambitions.US government officials told Nvidia they would green-light export licenses for its H20 artificial intelligence accelerator, the company said in a blog post on Monday — a move that may add billions to Nvidia’s revenue this year, restoring its ability to fulfill orders it had written off as lost due to government restrictions. Nvidia designed the less-advanced H20 chip to comply with earlier China trade curbs from Washington, which Trump’s team tightened in April to block H20 sales to the Asian country without a US permit.Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe and Kailey speak with: Bloomberg Washington Correspondent Tyler Kendall. Bloomberg Senior Editor for Technology and Strategic Industries Michael Shepard. Ashton Analytics Founder and Former China Analyst at the Department of Defense Anna Ashton. Bloomberg Politics Contributor Jeanne Sheehan Zaino and Bluestack Strategies Founder Maura Gillespie. See omnystudio.com/listener for privacy information.