Trump announced U.S. approval for selling high-end chips to China

Trump officially announced that the U.S. has approved NVIDIA to export H200 high-end chips to China, and other chip companies including Intel and AMD are also allowed, but 25% of the chip sales revenue must be paid to the U.S. government.

Actually, I had posted twice before saying that chip restrictions might be relaxed soon.

The first was at the end of last month when foreign media already broke the news.

The second was the signal analyzed from the semiconductor and soybean symposium attended by our trade promotion association.

Now we can also see that NVIDIA has risen quite a bit in the past two days.

$NVIDIA(NVDA.US)$AMD(AMD.US)$Intel(INTC.US)$Invesco QQQ Trust(QQQ.US)$Broadcom(AVGO.US)$Taiwan Semiconductor(TSM.US)