Nvidia has resumed production of its H20 AI chip after securing a new order from Taiwan Semiconductor Manufacturing Company, according to Benzinga. The move follows the Trump administration’s easing of export restrictions imposed in April over national security concerns. The H20 chip is designed to comply with U.S. trade rules and has gained traction among Chinese tech giants such as Tencent, Alibaba, and ByteDance. Nvidia defends resuming chip exports to China, arguing it helps prevent developers from turning to local rivals like Huawei. Nvidia shares rose 1.87% on Monday and gained another 0.23% after hours, closing at $177.15.
00:00It's Benzinga, bringing Wall Street to Main Street.
00:02NVIDIA has resumed production of its H2O AI chip after securing a new order from Taiwan's semiconductor manufacturing company, according to Benzinga,
00:09who follows the Trump administration's easing of export restrictions imposed in April for national security concerns.
00:15The H2O chip is designed to comply with U.S. trade rules and has gained traction among Chinese tech giants such as Tencent, Alibaba, and ByteDance.
00:23NVIDIA defends resuming chip exports to China, arguing it helps prevent developers from turning to local rivals like Huawei.
00:28NVIDIA shares rose 1.87% on Monday and gained another 0.23% after hours, closing at $177.15.
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