The suspect allegedly tried to illegally export Nvidia’s H100 and H200 GPUs to China. Ironically, President Trump said this week that the US will now let Nvidia sell its H200 GPU in China.

The president’s decision to allow exports of the powerful chip comes after meeting last week with the company’s CEO, Jensen Huang.

President Donald Trump said the United States would permit NVIDIA to ship its H200 AI chips to approved customers in China, effectively ending an export ban.

Trump said he informed China the U.S. will allow NVIDIA to export its H200 products to "approved customers in China."

Trump said Chinese President Xi Jinping "responded positively" to the proposal to let Nvidia sell H200 AI chips on condition that the U.S. gets 25% of revenue.

President Trump said Nvidia can export some chips. But years of U.S. restrictions have propelled China to make everything it needs for advanced A.I.

The US may ease export curbs on Nvidia’s H200 chip to China, as investors question its AI dominance and Chinese rivals race to build their own GPUs.

Two companies that have benefited the most from the artificial intelligence (AI) boom are Palantir Technologies ( PLTR 0.24%) and Nvidia ( NVDA 0.54%). Palantir is establishing itself as a leader in becoming an AI operating system, and Nvidia is the dominant chipmaker fueling the AI infrastructure buildout.