Trump’s U-Turn on Nvidia Spurs Talk of Grand Bargain With China

Only a few years ago, the Biden administration declared export controls a “new strategic asset” to help the US maintain “as large a lead as possible” over China in advanced technology. President Donald Trump is now upending that approach.

In a reversal this week, the White House told chipmaker Nvidia Corp. it could soon resume sales of its less advanced China-focused H20 artificial intelligence accelerator. Advanced Micro Devices Inc. received similar assurances from the US Commerce Department.