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00:03NVIDIA Corp. announced it will resume sales of its H20 AI chips to China
00:07and unveiled a new RTX Pro Pew tailored for the Chinese market, according to Benzinga.
00:13CEO Jensen Huang said the company received assurances from the U.S. government
00:17that export licenses would be granted.
00:20The RTX Pro chip complies with U.S. trade rules
00:22and is designed for smart factory and logistics AI use.
00:26The chip reflects NVIDIA's effort to retain its market share in China
00:29amid strict trade restrictions.
00:32Huang made the announcement following visits to Washington and Beijing,
00:34where he discussed AI infrastructure and U.S. technology leadership.
00:39The resumption of H20 deliveries follows a U.S. licensing requirement
00:43that cost NVIDIA $2.5 billion in lost revenue earlier this year.
00:48The company has denied that its chips are used by China's military.
00:52For all things money, visit Benzinga.com.
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