CEO Jensen Huang that he hoped companies, including Nvidia, would provide high-quality and reliable products and services to customers in China, Reuters reported, citing a statement from the ministry.

Nvidia Corp. boss Jensen Huang anticipates getting the first batch of US licenses to export H20 AI chips to China soon, formally allowing the company to resume sales of a much sought-after component to the world’s top semiconductor arena.

Nvidia is set to recoup billions of dollars in revenue as the Trump administration has signaled it will grant licenses for the company to resume sales of its AI chips to China after a surprise export ban in April.

Nvidia stock hits record highs as U.S. export licenses unlock access to China’s $50B AI market. Click here to read an analysis of NVDA stock now.

Nvidia Corp. planea reanudar las ventas de su chip H20 de inteligencia artificial en China, tras obtener garantías de Washington de que dichos envíos serán aprobados. Esto representa un giro radical respecto a la postura anterior del gobierno de Trump sobre limitar las ambiciones de Pekín.

One analyst boosted his price target on Nvidia’s stock to a level that would imply a $5.7 trillion market cap, with the chip maker seemingly cleared to sell its H20 chip in China again.