Nvidia to Resume Shipping H20 Chips to China
Nvidia announced it plans to resume shipments of its H20 AI chips to China, which it suspended in April due to a licensing requirement from the U.S. government. The company stated it has received assurances from the White House that licenses will be granted for these shipments.
This announcement led to an 8.1% rise in shares of Chinese tech giant Alibaba (NYSE: BABA). Alibaba’s Qwen open-source AI model has been performing well, recently ranking at the top of independent AI evaluation boards.
Nvidia’s statements indicate that the recent trade negotiations between the U.S. and China may not have directly impacted this decision, as discussions continue. Alibaba, positioned as an AI leader in China, is expected to benefit from access to cutting-edge AI chips and technological talent.
