Trump will allow Nvidia to ship H200 chips to China | investingLive

• Same approach will apply to AMD, Intel and others
• There have been various reports about this for weeks, but earlier today there were stronger signs

Shares of Nvidia rose after hours to $187.30 from $185.50.

Here is what Trump said on Truth Social:

I have 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 conditions that allow for continued strong
National Security. President Xi responded positively! $25% will be paid
to the United States of America. This policy will support American Jobs,
strengthen U.S. Manufacturing, and benefit American Taxpayers. The
Biden Administration forced our Great Companies to spend BILLIONS OF
DOLLARS building “degraded” products that nobody wanted, a terrible idea
that slowed Innovation, and hurt the American Worker. That Era is OVER!
We will protect National Security, create American Jobs, and keep
America’s lead in AI. NVIDIA’s U.S. Customers are already moving forward
with their incredible, highly advanced Blackwell chips, and soon,
Rubin, neither of which are part of this deal. My Administration will
always put America FIRST. The Department of Commerce is finalizing the
details, and the same approach will apply to AMD, Intel, and other GREAT
American Companies. MAKE AMERICA GREAT AGAIN!