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President Trump announced that he will allow Nvidia to sell its advanced H200 computer chips to approved customers in China. This decision comes as the U.S. Commerce Department is finalizing a deal to lift previous restrictions imposed during the Biden administration.
Trump stated that the U.S. will take a 25% cut from these sales. Meanwhile, the Department of Justice reported the detention of two businessmen accused of smuggling Nvidia chips to China, highlighting ongoing tensions surrounding advanced technology exports.