- President Donald Trump announced his approval for Nvidia to sell H200 chips to China.
- Trump said the US would get a cut of the sales.
- Nvidia’s stock was up following the announcement.
Nvidia just scored a win from President Donald Trump.
In a post on Truth Social on Monday, Trump said he told Chinese leader Xi Jinping that the US would allow Nvidia to sell its H200 chips to “approved customers” in China.
“This policy will support American Jobs, strengthen US Manufacturing, and benefit American Taxpayers,” Trump said in the post.
Trump said, “$25% will be paid to the United States of America.” He has previously proposed having the US take a cut of chip sales to China.
Nvidia’s stock was up in after-hours trading following Trump’s announcement.
“We applaud President Trump’s decision to allow America’s chip industry to compete to support high paying jobs and manufacturing in America,” a spokesperson for Nvidia said in a statement to Business Insider. “Offering H200 to approved commercial customers, vetted by the Department of Commerce, strikes a thoughtful balance that is great for America.”
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