Nvidia CEO Jensen Huang speaks as President Donald Trump listens during an "Investing in America" event at the White House in Washington, D.C., on April 30. On Monday, Trump announced he would allow Nvidia to sell some Artificial Intelligence chips to China with a 25% cut for the United States. File Photo by Ken Cedeno/UPI. | License Photo
Dec. 8 (UPI) -- President Donald Trump announced Monday that he will allow tech giant Nvidia to sell some Artificial Intelligence chips to China, with a 25% cut for the United States, as he reversed his stance on a previous sticking point in both countries' ongoing trade war.
Trump said he had informed President Xi Jinping of China that Nvidia would begin shipping its H200 products to approved customers "in China and other countries" under conditions that "allow for continued strong national security."
Trump wrote Monday in a post on Truth Social that Xi had agreed, and that 25% would be paid to the United States.
"This policy will support American jobs, strengthen U.S. manufacturing and benefit American taxpayers," Trump said, adding that while the Blackwell chip is not part of the plan, the deal would apply to other U.S. companies.
