Nvidia(US:NVDA) Guan Cha Zhe Wang·2025-12-09 07:08Core Viewpoint - The announcement by President Trump to allow Nvidia to export its H200 AI chips to China marks a significant policy shift from the Biden administration's strict export controls on chip technology aimed at hindering China's semiconductor modernization efforts [3][6]. Group 1: Policy Changes - Trump stated that the decision includes conditions to safeguard U.S. national security and that the U.S. government will receive a 25% share of the revenue from these exports [1][6]. - The announcement effectively ends the ban on U.S. companies selling AI chips to China, contrasting sharply with previous restrictions [3][6]. - Nvidia's spokesperson described the decision as a "well-considered balance" that supports high-paying jobs and manufacturing in the U.S. [3]. Group 2: Market Impact - Following the announcement, Nvidia's stock price rose nearly 3% in after-hours trading, indicating positive market sentiment [3]. - The H200 chip is reported to have significantly enhanced performance, being nearly six times more powerful than its predecessor, the H100 [3][4]. Group 3: Competitive Landscape - Nvidia's CEO Jensen Huang views this policy change as a victory, believing that increased sales to China will lead to greater reliance on Nvidia's technology and more funding for R&D [6]. - Despite the approval for the H200 chip, concerns remain about whether Chinese buyers will purchase it, especially given the previous restrictions and the introduction of alternative domestic AI chips by Chinese companies [7][8]. - Chinese firms are actively developing their own AI chips to compete with Nvidia, with major players like Huawei and Alibaba increasing their investments in chip R&D [8].