The US government will allow Nvidia to export its H200 artificial intelligence chips to China, collecting a fee for each chip, President Trump said Monday.

Shares of Nvidia, the world’s most valuable company rose 1.2% in after-hours trading after Trump made the announcement on Truth Social, having closed 3.16% higher after Semafor first reported the possibility of approval.

Trump said that he had informed President Xi Jinping of China, where Nvidia’s chips are under government scrutiny , about the move and he “responded positively,” according to Trump’s post.

He added: “25% will be paid to the United States of America.”

Trump said the Commerce Department was finalizing details of the arrangement and the same approach would apply to other AI chip firms such as Advanced Micro Devic

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