Trump administration backs off Nvidia’s ‘H20’ chip crackdown after Mar-a-Lago dinner

Nvidia CEO Jensen Huang delivers the keynote address at the annual Nvidia GTC conference in San Jose, Calif. last month. Justin Sullivan/Getty Images

Justin Sullivan/Getty Images

When Nvidia CEO Jensen Huang attended a $1 million-a-head dinner at Mar-a-Lago last week, a chip known as the H20 may have been on his mind.

That’s because chip industry insiders widely expected the Trump administration to impose curbs on the H20, the most cutting-edge AI chip U.S. companies can legally sell to China, a crucial market to one of the world’s most valuable companies.

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