NVIDIA to resume China AI chip sales
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Advanced Micro Devices Inc. said that it plans to restart shipments of its MI308 chips to China after the US said it would approve the sales, following a similar decision on an Nvidia Corp. semiconductor.
The US has cleared AMD and Nvidia to resume sales of AI chips to China, marking a major shift in tech trade policy. The move signals a softening stance on export controls and could ease tensions between Washington and Beijing amid rising demand for AI semiconductors.
The tech giants said they can resume selling high-end semiconductors to China, in what appears to be a major about-face for the Trump administration.
AMD stock is soaring following news that Nvidia will receive licensing approval to sell its H20 processors in China. Export approvals for Nvidia's H20 suggest that AMD's own AI processors for the Chinese market could receive the necessary licenses.
AMD stock jumps 8% as analysts grow bullish on its AI chip momentum, China export approval, and hyperscaler demand.
In a fiercely competitive CPU market, follow the latest news and analyis as AMD surges in data center and races for AI leadership.
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Stocktwits on MSNChina Eyes Procuring Over 100,000 Nvidia Chips To Power Remote AI Hub In Gobi Desert: ReportNvidia stock could be in the spotlight after a report said Chinese companies were planning to deploy the company’s artificial intelligence (AI) chips to power a raft of data centers located across the country’s western deserts.