00:00It's Benzinga, bringing Wall Street to Main Street.
00:02NVIDIA received U.S. approval to sell its H-200 AI chips to 10 Chinese tech companies,
00:08including Alibaba, Tencent, ByteDance, and JD.com, according to Reuters.
00:14Deliveries have stalled after guidance from Beijing, discouraged purchases.
00:19Lenovo confirmed it received approval to sell H-200 chips in China
00:22under NVIDIA's export license, with each approved customer allowed to buy up to 75,000 chips.
00:30Commerce Secretary Howard Lutnick said China's government has not allowed companies to move forward
00:35because it wants investment focused on domestic AI companies like Huawei.
00:39NVIDIA CEO Jensen Huang joined Trump's Beijing delegation
00:43as he seeks to unlock the stalled sales during talks with Chinese President Xi Jinping.
00:49The deals also face U.S. security requirements,
00:52and a Trump-negotiated arrangement requiring the U.S. to receive 25% of sales revenue.
00:57For all things money, visit Benzinga.com.
Comments