New Delhi, Dec. 9 -- In a significant recalibration of Washington's technology controls, President Donald Trump has said Nvidia will be permitted to ship its H200 artificial-intelligence processors to "approved customers" in China and other jurisdictions-provided the United States receives a 25% share of the revenue generated from those sales. The announcement, made via a Truth Social post on Monday, marks the most substantial opening for US chip exports to China since restrictions were tightened in 2022.

Trump stated that Chinese President Xi Jinping "responded positively" to the proposal and argued that the arrangement "will support American Jobs, strengthen US Manufacturing, and benefit American Taxpayers."

He added that "The Departm...