-
Trump says India, US strike trade deal
-
Cuban tourism in crisis; visitors repelled by fuel, power shortages
-
Liverpool set for Jacquet deal, Palace sign Strand Larsen on deadline day
-
FIFA president Infantino defends giving peace prize to Trump
-
Trump cuts India tariffs, says Modi will stop buying Russian oil
-
Borthwick backs Itoje to get 'big roar' off the bench against Wales
-
Twenty-one friends from Belgian village win €123mn jackpot
-
Mateta move to Milan scuppered by medical concerns: source
-
Late-January US snowstorm wasn't historically exceptional: NOAA
-
Punctuality at Germany's crisis-hit railway slumps
-
Gazans begin crossing to Egypt for treatment after partial Rafah reopening
-
Halt to MSF work will be 'catastrophic' for people of Gaza: MSF chief
-
Italian biathlete Passler suspended after pre-Olympics doping test
-
Europe observatory hails plan to abandon light-polluting Chile project
-
Iran president orders talks with US as Trump hopeful of deal
-
Uncertainty grows over when US budget showdown will end
-
Oil slides, gold loses lustre as Iran threat recedes
-
Russian captain found guilty in fatal North Sea crash
-
Disney earnings boosted by theme parks, as CEO handover nears
-
Sri Lanka drop Test captain De Silva from T20 World Cup squad
-
France demands 1.7 bn euros in payroll taxes from Uber: media report
-
EU will struggle to secure key raw materials supply, warns report
-
France poised to adopt 2026 budget after months of tense talks
-
Latest Epstein file dump rocks UK royals, politics
-
Arteta seeks Arsenal reinforcement for injured Merino
-
Russia uses sport to 'whitewash' its aggression, says Ukraine minister
-
Chile officially backs Bachelet candidacy for UN top job
-
European stocks rise as oil tumbles, while tech worries weigh on New York
-
England captain Itoje on bench for Six Nations opener against Wales
-
Rahm says golfers should be 'free' to play where they want after LIV defections
-
More baby milk recalls in France after new toxin rules
-
Rosenior will not rush Estevao return from Brazil
-
Mercedes ready to win F1 world title, says Russell
-
Germany hit by nationwide public transport strike
-
Barca coach Flick 'not happy' with Raphinha thigh strain
-
WHO chief says turmoil creates chance for reset
-
European stocks rise as gold, oil prices tumble
-
Rink issues resolved, NHL stars chase Olympic gold at Milan
-
S. Korea celebrates breakthrough K-pop Grammy win for 'Golden'
-
Rodri rages that officials 'don't want' Man City to win
-
Gaza's Rafah crossing makes limited reopening after two-year war
-
African players in Europe: Ouattara dents Villa title hopes
-
Liverpool beat Chelsea to Rennes defender Jacquet - reports
-
S. Korea celebrates breakthrough Grammy win for K-pop's 'Golden'
-
Trump says US talking deal with 'highest people' in Cuba
-
Trump threatens legal action against Grammy host over Epstein comment
-
Olympic Games in northern Italy have German twist
-
Bad Bunny: the Puerto Rican phenom on top of the music world
-
Snapchat blocks 415,000 underage accounts in Australia
-
At Grammys, 'ICE out' message loud and clear
| SCS | 0.12% | 16.14 | $ | |
| CMSC | -0.04% | 23.75 | $ | |
| RIO | 1.4% | 92.325 | $ | |
| CMSD | 0.15% | 24.085 | $ | |
| AZN | -1.86% | 186.965 | $ | |
| RBGPF | 0.12% | 82.5 | $ | |
| BTI | 0.57% | 61.025 | $ | |
| NGG | -1.03% | 84.4 | $ | |
| GSK | 1.42% | 52.345 | $ | |
| BCC | 1.28% | 81.86 | $ | |
| RYCEF | 4.19% | 16.7 | $ | |
| BCE | -0.3% | 25.783 | $ | |
| JRI | 0.53% | 13.15 | $ | |
| RELX | -0.75% | 35.535 | $ | |
| BP | -0.37% | 37.74 | $ | |
| VOD | 1.88% | 14.93 | $ |
Trump says US will allow sale of Nvidia AI chips to China
President Donald Trump said Monday he had reached an agreement with President Xi Jinping to allow US chip giant Nvidia to export advanced artificial intelligence chips to China.
The announcement marked a significant shift in US export policy for advanced AI chips, which Joe Biden's administration had heavily restricted over national security concerns about Chinese military applications.
In a post on his Truth Social platform, Trump said he had informed Xi that Washington would permit 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," Trump wrote, without providing details on how the payment mechanism would work.
Trump criticized his predecessor's approach, saying it "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."
This referred to the Biden administration's requirement for chip companies to create modified, less powerful versions specifically for the Chinese market.
These chips had reduced capabilities -- lower processing speeds, for example -- to comply with export control regulations.
The president said his decision aims to "support American Jobs, strengthen U.S. Manufacturing, and benefit American Taxpayers."
Trump emphasized that Nvidia's most advanced chips -- the Blackwell series and forthcoming Rubin processors -- are not included in the agreement and remain available only to US customers.
Under Biden-era restrictions, the H200 and similar advanced chips were blocked from export to China.
The H200s are roughly 18 months behind the company's state-of-the-art offerings.
The chips -- graphic processing units or GPUs -- are used to train the AI models that are the bedrock of the generative AI revolution launched with the release of ChatGPT in 2022.
The Commerce Department is finalizing implementation details, with Trump saying "the same approach will apply to AMD, Intel, and other GREAT American Companies."
The announcement comes amid trade tensions between Washington and Beijing, as the two compete for dominance in artificial intelligence technology.
Nvidia CEO Jensen Huang lobbied the White House intensely to reverse the Biden-era policy despite considerable opposition in Washington to giving Chinese companies access to powerful chips.
Massachusetts Senator Elizabeth Warren, a Democrat, attributed the deal to a "backroom meeting" with Trump and Huang's company's donation to build the East Wing ballroom at the White House.
She said this would "turbocharge China's military and undercut American technological leadership."
Alex Stapp, of the Washington-based Institute for Progress, called the policy a "massive own goal," with the H200 "6x more powerful than the H20, which was previously the most powerful chip approved for export."
Ch.Campbell--AT