{"id":34336,"date":"2025-07-15T21:20:11","date_gmt":"2025-07-15T21:20:11","guid":{"rendered":"https:\/\/financialrush.com\/?p=34336"},"modified":"2025-07-15T21:20:11","modified_gmt":"2025-07-15T21:20:11","slug":"howard-lutnick-says-easing-of-nvidias-ai-chip-exports-linked-to-china-deal","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=34336","title":{"rendered":"Howard Lutnick says easing of Nvidia\u2019s AI chip exports linked to China deal"},"content":{"rendered":"<p> \n<\/p>\n<div>\n<p>Unlock the Editor\u2019s Digest for free<\/p>\n<p class=\"article__content-sign-up-topic-description o3-type-body-base\"><span>Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.<\/span><\/p>\n<p><iframe class=\"article__content-sign-up-iframe close\" scrolling=\"no\" id=\"signUpIframe\" data-prev-url=\"\/register\/in-article-sign-up?ft-content-uuid=ad5a6df0-da1d-4246-80c2-387d5cc7c541\"><\/iframe><\/div>\n<div id=\"article-body\">\n<p>Commerce secretary Howard Lutnick said the US\u2019s reversal of restrictions on sales of chips to China followed recent trade negotiations with Beijing over rare earths.<\/p>\n<p>President Donald Trump curbed sales of Nvidia\u2019s H2O artificial intelligence <a href=\"https:\/\/www.ft.com\/semiconductors\" data-trackable=\"link\">chips<\/a> to China in April as part of an escalation of his trade war with Beijing.<\/p>\n<p>But the leading AI chips group said on Monday it had been told by the US government that Washington would resume approvals for these chips to be sold to Chinese companies.<\/p>\n<p>Lutnick said on Tuesday the loosening of export controls had been part of recent trade talks between American and Chinese officials in London and Geneva as the two sides met in a bid to de-escalate trade tensions. <\/p>\n<p>The US has pushed <a href=\"https:\/\/www.ft.com\/china\" data-trackable=\"link\">China<\/a> to ease export controls on seven rare earth elements and magnets that are critical to the production of a range of defence and clean energy technologies. <\/p>\n<p>\u201cIn the magnets deal with the Chinese, we told them that we would start to resell them,\u201d Lutnick said on CNBC.\u00a0<\/p>\n<p>Lutnick added that the chip being sold to China, which was tailored to comply with 2022 Biden-era controls aimed at preventing the sale of the most powerful chips to Chinese companies, was the company\u2019s \u201cfourth best\u201d chip. <\/p>\n<p>\u201cWe don\u2019t sell them our best stuff, not our second-best stuff, not even our third best,\u201d Lutnick said.<\/p>\n<p>He added that it was in US interests to keep Chinese companies using American technology. <\/p>\n<p>\u201cYou want to sell the Chinese enough that their developers get addicted to the American technology stack. That\u2019s the thinking.\u201d<\/p>\n<p>Trump announced in June that the US had \u201csigned\u201d a trade deal with China, but neither side has published the written agreement. Both sides agreed to reduce tariffs on the other for 90 days. <\/p>\n<p>A senior White House official indicated last month that Trump could ease restrictions on selling chips to China if Beijing agreed to speed up the export of rare earth minerals.<\/p>\n<p>The easing of restrictions is a big win for Nvidia, whose chief executive, Jensen Huang, met Trump at the White House this month to warn that America would risk forfeiting its leadership in AI to Chinese companies if it cut off exports of critical technology. <\/p>\n<aside aria-labelledby=\"aside-label\" class=\"n-content-recommended--single-story n-content-recommended--inset\" data-component=\"recommended\">\n<p class=\"n-content-recommended__title o3-type-body-highlight\">Recommended<\/p>\n<div class=\"o-teaser o-teaser--article o-teaser--small o-teaser--stacked o-teaser--has-image o-teaser--opinion js-teaser\" data-id=\"5d6ac9ab-af53-47d2-b52d-898d2402593d\">\n<div class=\"o-teaser__image-container js-teaser-image-container\"><a href=\"https:\/\/www.ft.com\/content\/5d6ac9ab-af53-47d2-b52d-898d2402593d\" data-trackable=\"image-link\" data-trackable-context-story-link=\"image-link\" tabindex=\"-1\" aria-hidden=\"true\"><\/p>\n<div class=\"o-teaser__image-placeholder\" style=\"aspect-ratio:2222\/1249\"><\/div>\n<p><\/a><\/div>\n<\/div>\n<\/aside>\n<p>In a visit to Beijing on Tuesday, Huang told reporters it was \u201cimportant\u201d for American companies to \u201ccompete and serve the market\u201d in China. <\/p>\n<p>The H20 chip is less powerful than Nvidia\u2019s top-of-the-range chips but was bought by some of China\u2019s leading AI players, including ByteDance, Alibaba and Tencent, prior to the restrictions. <\/p>\n<p><a href=\"https:\/\/www.ft.com\/content\/ba0929bd-5912-44fb-9048-c143aced4c8a\" data-trackable=\"link\">Nvidia shares<\/a> closed 4 per cent higher on Tuesday. <\/p>\n<p>Rival chip designer AMD, which was also hit by restrictions in April, said it had been told by the commerce department that licenses to export its MI308 chip would \u201cbe moving forward\u201d. <\/p>\n<\/div>\n\n<br \/><a href=\"https:\/\/www.ft.com\/content\/ad5a6df0-da1d-4246-80c2-387d5cc7c541\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Unlock the Editor\u2019s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this&hellip;\n","protected":false},"author":6,"featured_media":34337,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[],"class_list":["post-34336","post","type-post","status-publish","format-standard","has-post-thumbnail","category-us","cs-entry","cs-video-wrap"],"_links":{"self":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/34336","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=34336"}],"version-history":[{"count":0,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/34336\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/media\/34337"}],"wp:attachment":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=34336"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=34336"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=34336"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}