China has figured out the US strategy for allowing it to buy Nvidia Corp.’s H200 and is rejecting the AI chip in favor of domestically developed semiconductors, White House AI czar David Sacks said, citing news reports.
President Donald Trump has authorized Nvidia to export its H200 AI chip to China in exchange for a 25% tariff payment to the U.S. government, a decision that could potentially allow the company to regain billions in lost revenue from the Chinese market.
Oil fell after Chinese stimulus measures disappointed speculators, but not enough to jolt prices from the narrowest trading band since July.
