The move is expected to bring $2 billion for the US government this year – Nvidia is expected to sell more than $15 billion worth of its H20 chip to China, and AMD is expected to sell $800 million worth of its M1308 chip.
Last Wednesday, Jensen Huang met President Trump at the White House and agreed the deal.
H20 is not Nvidia’s leading edge chip but a stripped down product intended to meet technical 
restrictions on US exports to China. US Commerce Secretary Howard Lutnick told CNBC recently: “We don’t sell them our best stuff, not our second-best stuff, not even our third best.”
On Saturday, Nvidia said: “While we haven’t shipped H20 to China for months, we hope export control rules will let America compete in China and worldwide. America cannot repeat 5G and lose telecommunication leadership. America’s AI tech stack can be the world’s standard if we race.”
There is now speculation that the same licensing model may be extended to semiconductor manufacturing equipment.
