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Trump gives Nvidia the green light to sell its H200 chips in China

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Nvidia just scored a win from President Donald Trump.

In a post on Truth Social on Monday, Trump said he told Chinese leader Xi Jinping that the US would allow Nvidia to sell its H200 chips to “approved customers” in China.

“This policy will support American Jobs, strengthen US Manufacturing, and benefit American Taxpayers,” Trump said in the post.

Trump said, “$25% will be paid to the United States of America.” He has previously proposed having the US take a cut of chip sales to China.

Nvidia’s stock was up in after-hours trading following Trump’s announcement.

“We applaud President Trump’s decision to allow America’s chip industry to compete to support high paying jobs and manufacturing in America,” a spokesperson for Nvidia said in a statement to Business Insider. “Offering H200 to approved commercial customers, vetted by the Department of Commerce, strikes a thoughtful balance that is great for America.”

Nvidia’s powerful H200 chips have been in high demand as AI models become more powerful.

While Nvidia was already able to sell some of its other chips to China, the US government has limited its ability to sell some powerful chips due to national security concerns. Sales of its H20 chips to China during Q3 were “insignificant,” CFO Colette Kress said on its latest earnings call.

“While we were disappointed in the current state that prevents us from shipping more competitive data center compute products to China, we are committed to continued engagement with the US and China governments and will continue to advocate for America’s ability to compete around the world,” Kress said during the Q3 earnings call.

Nvidia CEO Jensen Huang met with Trump last week to discuss export controls on chips.

“I’ve said repeatedly that we support export control, that we should ensure that American companies have the best and the most and first,” Huang told reporters last week.

Nvidia stock was up roughly 2% after hours.




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Tesla scored a win in China just as its biggest rival stumbled

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  • Tesla scored a rare win in China, earning bragging rights over its biggest rival in the process.
  • Elon Musk’s automaker saw its sales rise by nearly 10% in November, while its arch-rival BYD’s fell.
  • Tesla has had a difficult year, with sales underwhelming in China and collapsing in Europe.

Things are finally looking up for Tesla in China.

The US automaker’s sales rose 9.9% in November compared to the same month last year, according to data released by China’s Passenger Car Association on Tuesday.

That’s a rare win for Tesla, which has had a difficult year in almost all of its biggest markets. The company has faced a sales collapse in Europe, been squeezed by intense competition in EV-friendly China, and is on track to see its overall sales decline for the second consecutive year.

One bright spot for Tesla: it’s not the only one with problems. The Elon Musk-run automaker’s biggest Chinese rival, BYD, has hit some speed bumps in recent months.

The Shenzhen-based EV giant, which has become one of China’s largest carmakers thanks to a range of affordable and high-tech electric models, has had three straight months of sales declines.

BYD said it sold just over 480,000 EVs and hybrids in November, its highest total this year, but still around 5.3% less than the same period in 2024.

The Chinese automaker, which was once backed by Warren Buffett, has struggled in the face of a renewed price war in China’s ultra-competitive EV market and a government crackdown on aggressive discounting.

Despite these headwinds, BYD is still on course to take Tesla’s crown as the world’s largest seller of battery EVs this year, and the company is rapidly taking market share from Musk and co. outside China.

BYD’s overseas sales hit a record 131,935 in November. The Chinese auto giant is taking advantage of Tesla’s woes in Europe, with BYD outselling its US rival by more than two to one in October.




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