Jensen Huang says Nvidia has received orders from China and is 'restarting our manufacturing'

After an extended delay in selling into the world’s second-largest economy, chipmaker Nvidia

is gearing up to provide some customers in China with its H200 processors, CEO Jensen Huang said on Tuesday.

“We have received purchase orders, and we’re in the process of restarting our manufacturing,” Huang told reporters at the company’s GTC conference in San Jose, California. “That’s new news for all of you, and it’s different than it was two weeks ago or three weeks ago, but that’s our condition today, and and our supply chain is getting fired up.”

Huang told CNBC that the company now has clearance from both sides.

China once accounted for at least one-fifth of Nvidia’s data center revenue, but the company has been shut out of the country since being told by the Trump administration in April that it would require a license to export chips there and to a handful of other countries. The company said it would take a $5.5 billion charge due to the export restriction.