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President Trump said Nvidia’s most advanced Blackwell AI chips will be reserved for U.S. companies, tightening export restrictions on high-end semiconductors. The move blocks China and other nations from access to top models, though scaled-down versions may still be sold abroad. Nvidia CEO Jensen Huang said Beijing has discouraged the company’s operations in China.

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00:00It's Benzinga bringing Wall Street to Main Street.
00:02U.S. President Donald Trump said NVIDIA's most advanced black-wool AI chips will be reserved
00:06exclusively for American companies, according to CBS's 60 Minutes. Trump said the U.S. will not
00:12allow other nations, including China, to access the top-end chips, signaling tighter export
00:17restrictions on cutting-edge semiconductors. NVIDIA recently announced plans to supply
00:21260,000 black-wool chips to South Korea's largest corporations, including Samsung.
00:27Trump said Chinese firms may still receive scaled-down versions, but not the most powerful
00:31models. Lawmakers warned that allowing any version to reach China could strengthen its
00:36military and AI sectors. NVIDIA's CEO Jensen Huang said China's government has discouraged
00:41the company's presence there. For all things money, visit Benzinga.com.
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