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Chinese firms rush for Nvidia chips as US prepares to lift ban
H20 chips, designed to skirt export bans, are back after Trump meets with CEO.
Nvidia designed its data center GPU to perform the massive parallel computations required by neural networks, processing countless matrix operations simultaneously. Despite these limitations, Chinese tech giants, including ByteDance and Tencent, are reportedly scrambling to place orders for the lesser chip through what sources describe as an approved list managed by Nvidia. The resumption of H20 sales marks a shift in US-China technology relations after the chips were effectively banned in April with an onerous export license requirement, forcing Nvidia to take a $4.5 billion write-off for excess inventory and purchase obligations.
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