TLDR
- President Trump confirmed Nvidia’s most advanced Blackwell AI chips will be exclusive to U.S. companies and banned from sale to China and other countries.
- Trump will allow China to purchase less advanced Nvidia chip models but keeps cutting-edge technology within American borders.
- Nvidia shares climbed 1.4% to $205.31 in Monday premarket trading following Trump’s CBS “60 Minutes” interview announcement.
- The restrictions may be tougher than previously expected, even as Nvidia announced supplying 260,000 Blackwell chips to South Korean companies.
- Nvidia CEO Jensen Huang stated Beijing has blocked the company from operating in China, so no export licenses have been requested.
President Trump established clear export limits Sunday for Nvidia’s chip technology. The most powerful Blackwell processors cannot leave the United States.
Trump made the declaration during his CBS “60 Minutes” appearance and in remarks to reporters traveling on Air Force One. He answered “No, we won’t do that” when asked about selling top chips to China.
The president will permit international buyers to access less sophisticated Nvidia products. “We will let them deal with Nvidia, but not in terms of the most advanced,” Trump explained.
He reinforced that America maintains exclusive rights to the best technology. “The most advanced, we will not let anybody have them other than the United States,” Trump stated.
Nvidia stock rose 1.4% to $205.31 in premarket trading Monday. The chipmaker recently became the first company to exceed $5 trillion in market capitalization.
Global Impact of Export Rules
The new policy raises questions about chip access worldwide. Trump’s restrictions appear more comprehensive than earlier administration signals suggested.
Nvidia announced a substantial South Korean agreement Friday. The deal includes supplying more than 260,000 Blackwell AI chips to Samsung Electronics and other businesses in the country.
Trump left room for downgraded chip sales to China. He maintains the prohibition on top-tier models while allowing discussion of less capable versions.
Congressional critics have opposed any Blackwell sales to Beijing. Representative John Moolenaar called potential deals comparable to “giving Iran weapons-grade uranium.”
Trump had suggested discussing Blackwell chips with Chinese President Xi Jinping before their summit. The conversation never occurred during their South Korea meeting.
China Market Status
Jensen Huang addressed Nvidia’s China situation at the company’s developer conference. The CEO confirmed Beijing has prevented Nvidia from entering the Chinese market.
“They’ve made it very clear that they don’t want Nvidia to be there right now,” Huang said. The company hasn’t filed for U.S. export licenses due to China’s stance.
Huang expressed interest in future Chinese business at the APEC summit. “I hope so someday,” he responded when asked about potential Blackwell exports to China.
The CEO emphasized mutual benefits of Chinese market participation. Huang noted Nvidia requires Chinese revenue to support American research and development operations.
Trump praised Huang’s leadership and the Blackwell technology. He described the chips as “super duper” and claimed they’re “probably 10 years ahead of any other chip.”
The president called Huang “amazing” and described America’s role as “arbitrator or referee” in potential China-Nvidia discussions.
Trump linked AI leadership to energy policy. “We’re winning it because we’re producing electricity like never before by allowing the companies to make their own electricity, which was my idea,” he told CBS.
The administration released an AI blueprint in July focused on expanding exports to allied nations. The plan included relaxing environmental restrictions while maintaining advantages over China.
Nvidia leads the global AI chip market. The company’s processors power most major artificial intelligence systems worldwide.
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