Trump Approves Chip Sales to China, Easing Tensions for Crypto and Tech Markets
Former President Donald Trump has authorized Nvidia to resume sales of advanced H200 chips to China, reversing previous restrictions that strained U.S.-China relations and impacted semiconductor revenues. The decision follows private negotiations with chipmakers Intel and NVIDIA, which agreed to share proceeds with the U.S. government.
China had threatened to halt American chip imports amid the embargo, but the policy shift now allows 25% of NVIDIA's sales revenue to flow back to the U.S. This development alleviates pressure on tech equities and could stabilize cryptocurrency markets, which are sensitive to AI-related supply chain disruptions.