Nvidia says restarting production of China-bound chips

Nvidia chief Jensen Huang on Tuesday said the AI technology powerhouse is restarting production of its high-performance chips for clients in China.  

Jensen Huang, President and CEO of Nvidia said "We’ve been licensed for many customers in China for H200, we have received purchase orders from many customers, we’re in the process of restarting our manufacturing. It’s different from what it was 2 weeks ago or 3 weeks ago, but that’s our condition today. " 

The H200 deal under which the US government gets a 25 percent cut of sales was confirmed by the Commerce Department in January. But conditions imposed on their sale had reportedly made it difficult for shipments to be approved. Huang said a goal of the US commerce secretary to have 40 percent of US chips made domestically will be "very challenging" to achieve given how fast demand is growing.