Nvidia(US:NVDA) Xin Lang Cai Jing·2025-12-11 10:16Core Points - The U.S. government, under President Trump, will allow Nvidia to sell H200 AI chips to "approved customers" in China, with a 25% fee on these transactions [2][7] - This move is seen as a "limited easing" rather than a full lifting of restrictions, as it monetizes technology barriers and replaces export control logic with tariff logic [2][3][9] - Nvidia's spokesperson praised the decision, stating it supports U.S. high-paying jobs and manufacturing, while the company's stock rose nearly 2% after the announcement [2][7] Summary by Sections U.S. Government Actions - President Trump announced the approval for Nvidia to sell H200 AI chips to China, with similar allowances expected for AMD, Intel, and other U.S. companies [2][7] - The U.S. Commerce Department is finalizing the details of this arrangement [2] Market Implications - The 25% fee on chip sales indicates a shift towards economic benefits for the U.S. government while still imposing restrictions on technology exports [2][3][9] - The H200 chip is considered a generation behind Nvidia's latest Blackwell series, which indicates that the U.S. aims to maintain a technological edge [3][8] Expert Opinions - Zhang Guobin, a semiconductor expert, described the situation as a "limited easing" for Chinese buyers, emphasizing that purchases must go through "whitelist" customers and are subject to U.S. audits [3][8] - The transaction appears to benefit the U.S. Treasury, but it overlooks China's rapid advancements in GPU and computing power technologies [9] Chinese Response - The Chinese Foreign Ministry expressed a preference for cooperation and mutual benefit in U.S.-China relations [4][9]