White House National Economic Advisor Kevin Hassett said President Trump and his team chose to allow the chips to travel in an effort to prevent China from gaining an advantage in the competition to produce the best processors, seemingly referring to Nvidia’s (NVDA.O) new flagship H20 AI chip exports to China.
Two weeks ago, Nvidia said that it was submitting applications to the U.S. government to restart selling its H20 graphics processing unit to China. The U.S. government has promised that Nvidia would receive the licenses shortly.
Due to prior limitations imposed by Trump’s first administration and then President Joe Biden, H20 chips are the finest it can lawfully provide in China, but they lack part of the processing capability of the models sold outside of China.
“One of the risks that you have to take seriously is that if China’s not buying chips from us, then they’re innovating, making their own chips. And the one thing we don’t want is for them to jump ahead in the race for chips.”
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