U.S. President Donald Trump on Monday authorized the export of Nvidia’s H200 AI chips to China, subject to a 25% revenue levy paid to the U.S. Treasury, marking a stark reversal of the previous Biden administration’s export control regime. Trump further stated that similar frameworks are being finalized for AMD and Intel — a company in which the U.S. government acquired a 9.9% equity stake in August — framing the policy as a means to support American manufacturing jobs while maintaining national security oversight.

This move follows the U.S. Commerce Department’s Aug. 30 revocation of “Verified End User” (VEU)