Trump said Nvidia will be able to supply chips to China "under certain conditions"

The US will allow tech giant Nvidia to export H200 AI chips to China and other countries, US President Donald Trump wrote on his Truth Social media page. Nvidia shares jumped more than 2% in the post-market following the publication.

"I have notified Chinese President Xi [Jinping] that the United States will allow Nvidia to ship its H200 products to approved customers in China and elsewhere - subject to conditions that ensure that [the U.S.] national security remains strong. Chairman Xi has taken a favorable view of this! 25% will be paid to the United States of America. This policy will support American jobs, strengthen U.S. manufacturing, and benefit U.S. taxpayers," the post reads.

According to Trump, the Commerce Department is now finalizing the details, and the same approach will be applied to AMD, Intel and other U.S. companies. AMD quotes jumped by 1.6% in extended trading, Intel securities rose by 0.6%.

CNBC interpreted the president's statement as saying that under the agreement, the U.S. government would receive 25% of Nvidia processor sales. The White House did not promptly respond to the channel's request for clarification.

The decision to ship the H200 to China was initially reported by industry publication Semafor, citing a source, which pushed Nvidia shares up 1.8% during the Dec. 8 trading session. Exporting these chips, could help maintain U.S. technology dominance around the world while supporting Nvidia's revenue by giving it back the huge Chinese market, Semafor wrote. The company's head, Jensen Huang, said restrictions from both sides have caused its share in that country to plummet from 95% to zero.

This article was AI-translated and verified by a human editor