Trump Says He’ll Allow China-Nvidia Deals Except For ‘Most Advanced’ Blackwell Chips

Forbes

President Donald Trump on Sunday said he will allow Nvidia and Beijing to make deals on AI chips, but said he will not allow Nvidia’s most advanced semiconductors to be sold to China, in a comment that comes days after he signaled willingness to discuss export controls on Nvidia’s flagship Blackwell chips.  Read the full story on Forbes: https://www.forbes.com/sites/siladityaray/2025/11/03/trump-says-hell-allow-china-nvidia-deals-except-for-most-advanced-blackwell-chips/ Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1  Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:  https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript  Stay Connected Forbes newsletters: https://newsletters.editorial.forbes.com Forbes on Facebook: http://fb.com/forbes Forbes Video on Twitter: http://www.twitter.com/forbes Forbes Video on Instagram: http://instagram.com/forbes More From Forbes:  http://forbes.com  Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.

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00:00President Donald Trump on Sunday said he will allow NVIDIA in Beijing to make deals on AI chips,

00:06but said he will not allow NVIDIA's most advanced semiconductors to be sold to China.

00:11This announcement follows earlier indications from Trump that he was open to discussing export

00:16controls on NVIDIA's leading Blackwell chips. In a 60 Minutes interview that aired on CBS on

00:23Sunday night, Trump was asked about China's interest in buying the world's most advanced

00:28semiconductors, especially NVIDIA's flagship Blackwell AI chips. Interviewer Norah O'Donnell asked

00:35Trump if he would allow NVIDIA to sell their most advanced chips to China, and the president replied,

00:40no, we won't do that. However, Trump said he will let Beijing deal with NVIDIA, noting that the

00:48American AI chip maker is the prime company in the world for that, and added, we will let them deal

00:55with NVIDIA, but not in terms of the most advanced. After the two leaders met face-to-face in South

01:01Korea, Trump told reporters that there were no talks about Blackwells. President Trump said, quote,

01:08we did discuss chips, and they are going to be talking to NVIDIA and others about taking chips,

01:13and we make great chips. The president added that he will have a word with NVIDIA CEO Jensen

01:19Wong and said further discussions will be between China and NVIDIA, with the U.S. serving as, quote,

01:25sort of the arbitrator or the referee. NVIDIA's shares rose 1.4% in pre-market trading early on

01:32Monday. Last week, NVIDIA became the first company to breach a $5 trillion market cap after Trump

01:38signaled he would be open to discussing export controls on NVIDIA's advanced chips aimed at China

01:44during his meeting with Chinese counterpart Xi Jinping. During the Asia-Pacific Economic

01:50Cooperation Summit in South Korea, NVIDIA's CEO commented on the potential sale of Blackwell chips

01:56to China. He expressed hope for future sales, stating, quote, I think it's really good for

02:01America, and it's really good for China, that NVIDIA could participate in the Chinese market.

02:07He also indicated that the ultimate decision rests with Trump. For more on the story, check out the

02:13article at the link in the description.

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