
SEMAFOR.COM
Howard Lutnick
US Commerce Department to open up exports of Nvidia H200 chips to China
SUMMARY
The US Department of Commerce plans to allow exports of Nvidia H200 chips to China. This decision seeks a compromise between export controls and maintaining competitiveness against Chinese firms. The move is supported by Commerce Secretary Howard Lutnick and could increase Nvidia's revenue.
Although the US had imposed strict export restrictions to impede China's AI advancements, Chinese companies have continued to progress. The new policy aims to make H200 chips available, countering previous failures with less powerful models like the H20. However, the long-term effects of export controls remain uncertain, as China's drive for technological self-sufficiency poses ongoing challenges.
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