Trump allows Nvidia H200 exports to China after positive signal from Xi

Nvidia shares rose late Monday after President Donald Trump said the United States will permit exports of the company’s H200 chips to approved buyers in China. The announcement on X confirmed earlier reports that the administration planned to ease restrictions on the product.

Trump said he notified Chinese President Xi Jinping that shipments would move forward under conditions designed to maintain U.S. national security. He said Xi “responded positively” to the decision.

The president said buyers will face a 25% charge payable to the United States. He described the measure as support for domestic employment, manufacturing, and taxpayers.

Trump criticized earlier rules under the Biden administration that required companies to create downgraded chips for the Chinese market. He said those requirements slowed innovation and harmed U.S. workers. He added that Nvidia’s U.S. customers are advancing with the firm’s Blackwell and Rubin chips, which are not included in the new export arrangement.

The Department of Commerce is working on detailed guidance. Trump said the same framework will apply to AMD, Intel, and other U.S. semiconductor firms.

Permission to sell the H200 is viewed as a compromise after Nvidia previously sought approval to offer more advanced Blackwell products in China, according to a person familiar with the discussions.

Nvidia Chief Executive Jensen Huang, who met Trump on Wednesday, said earlier that he did not know whether China would accept H200 chips if restrictions were eased. Heading into a meeting with members of the Senate Banking Committee, he said Chinese buyers reject downgraded processors and that the company “had no clue” how the market would respond.

Market reactions reflected expectations that China may take the older chips while the U.S. government secures additional revenue. Nvidia shares extended gains in after-hours trading following the announcement.