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.

Shares of Advanced Micro Devices (NASDAQ:AMD) jumped over 7% on Tuesday after the company stated that it will resume shipments of its MI308 chips to China after receiving the US government approval. The California-based chip company’s spokesperson told Bloomberg that the U.

Advanced Micro Devices Inc. (AMD) is reportedly set to restart shipments of its MI308 AI processors to China, following a provisional green light from U.S. regulators, a move that signals a notable change in approach to high-tech trade with Beijing.