Commerce Secretary Lutnick says China is only getting Nvidia's ‘4th best' AI chip

Group 1 - The Trump administration has reversed its decision, allowing Nvidia to sell its H20 AI chips to China, but only the "4th best" chip, which is slower than the top models used in the U.S. [2][3] - The renewed sales of H20 chips to China are linked to a rare-earths magnet deal, emphasizing the U.S. interest in maintaining a technological relationship with China [3] - Nvidia's CEO Jensen Huang supports the sale of chips to China to prevent Chinese companies from developing their own infrastructure, arguing that the Chinese military would not utilize Nvidia chips [3][4] Group 2 - The reversal of the sales ban is a significant victory for Nvidia, which previously estimated a potential loss of $8 billion in sales due to the restrictions [4] - The U.S. aims to keep Chinese companies reliant on American technology, ensuring they continue to purchase U.S. chips rather than developing their own [3][4]