"This policy will support American Jobs, strengthen US Manufacturing, and benefit American Taxpayers,"
"$25% will be paid to the United States of America."
"We applaud President Trump's decision to allow America's chip industry to compete to support high paying jobs and manufacturing in America,"
"Offering H200 to approved commercial customers, vetted by the Department of Commerce, strikes a thoughtful balance that is great for America."
President Donald Trump approved Nvidia selling H200 chips to approved customers in China. The policy is intended to support American jobs, strengthen U.S. manufacturing, and benefit American taxpayers. Trump stated that 25% of the sales will be paid to the United States of America. Nvidia's stock rose in after-hours trading following the announcement. A Nvidia spokesperson said the decision allows America's chip industry to compete, supports high-paying jobs and manufacturing, and that offering H200 to approved commercial customers vetted by the Department of Commerce strikes a thoughtful balance.
Read at Business Insider
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