Former Intel CEO Pat Gelsinger discusses the race between the US and China for AI chip dominance, the proposed Safe Chips Act and more on ‘Maria Bartiromo’s Wall Street.’
President Donald Trump announced Monday that the US will allow Nvidia to export its artificial intelligence (AI) chips to China and other countries, partially reversing a Biden-era restriction on high-end chip exports.
Trump said the US will gain a 25% share from H200 chip exports and the trade will be closely monitored to ensure national security.
“I have informed President Xi of China that the United States will allow Nvidia to ship its H200 products to approved customers in China and other countries, under conditions that allow for continued strong national security,” Trump said in a post on Truth Social.
“President Xi responded positively! 25% will be paid to the United States of America,” Trump added. ‘This policy will do that support American jobsstrengthen American manufacturing and benefit American taxpayers. “
NVIDIA CEO URGES FOR IMPROVED US-CHINA TRADE RELATIONS AGAINST AI CHIP BAN: ‘SIGNIFICANT SOURCE OF REVENUE’
President Donald Trump announced Monday that the US will allow Nvidia to export its H200 chips to approved customers in China and other countries. (Andrew Harnik/Getty Images)
“We applaud President Trump’s decision to allow America’s chip industry to compete in support of good-paying jobs and manufacturing in America,” an Nvidia spokesperson said. “Offering H200 to approved commercial customers, vetted by the Department of Commerce, strikes a thoughtful balance that is great for America.”
The H200 chips are powerful processors from Nvidia that help run artificial intelligence programssuch as chatbots, machine learning and data center tasks.
Nvidia logo displayed on a phone screen near a microchip. (Jakub Porzycki/NurPhoto/Getty Images)
Trump also criticized the Biden administration’s 2022 rules that limited exports of advanced AI chips and semiconductors to China over national security concerns. The restrictions mainly targeted Nvidia’s previous generation of high-end chips, such as the A100 and H100, to prevent China from gaining a technological advantage.
He said the rules delayed innovation and forced companies to produce lower-performance “degraded” chip versions that companies were allowed to sell under export controls.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| NVDA | NVIDIA CORP. | 185.55 | +3.14 |
+1.72% |
“The Biden administration forced our big corporations to spend BILLIONS OF DOLLARS building ‘degraded’ products that no one wanted, a terrible idea that slowed innovation and hurt the American worker.” Trump said. “That era is over! We will protect national security, create American jobs, and maintain America’s lead in AI.”
“NVIDIA’s US customers are already moving forward with their incredible, highly advanced Blackwell chips, and soon, Rubin, neither of which are part of this deal. My administration will always put America first. The Department of Commerce is finalizing the details, and the same approach will apply to AMD, Intel and other GREAT American companies. MAKE AMERICA GREAT AGAIN!”
Jensen Huang, president and CEO of Nvidia, delivers a speech on October 31, 2025. (Ezra Acayan/Getty Images/Getty Images)
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Nvidia CEO Jensen Huang has long called for better trade ties between the U.S. and China, emphasizing that access to the Chinese market is critical to U.S. competitiveness in artificial intelligence.
“It’s clear that we really need America to get back into the Chinese market to compete there,” Huang said earlier. “It’s good for the American people. It’s good for the American tech stack. That’s good too [we’re] can compete in China so we can also win around the world.”
