NVIDIA CEO reveals discussions with Trump administration regarding potential Blackwell GPU sales permits to China.

NVIDIA CEO Jensen Huang told Fox Business that he is in talks with the Trump administration about selling the company's Blackwell AI GPUs to China and is willing to give the U.S. government a cut of those sales. This announcement came after NVIDIA's fiscal second quarter earnings disappointed investors, with the company beating overall revenue and EPS estimates but falling short on data center revenue—a particular concern given the triple-digit percentage growth the firm had posted following the ChatGPT-fueled AI boom. NVIDIA's shares were flat following the earnings announcement as investors questioned whether the company was entering an era of tapered AI growth.

A central issue in NVIDIA's earnings results was the absence of China sales. Earlier this year, the Trump administration prohibited NVIDIA from selling its China-specific H20 AI GPUs, forcing the company to write off billions of dollars in revenue. However, CEO Huang's arguments that banning NVIDIA would accelerate China's domestic AI chip industry convinced the administration to reverse course, allowing H20 AI GPU sales to China beginning in August. Since NVIDIA's second quarter ends in July, no H20 revenue materialized in the earnings results. CFO Collette Kress confirmed that there were no H20 sales to China during the second quarter.

During the earnings call, Huang emphasized the importance of making "the American technology stack the global standard" and noted that "the opportunity to bring Blackwell to the Chinese market was a real possibility." Blackwell is NVIDIA's latest AI GPU design architecture, and multiple reports suggest the company is developing a special Blackwell chip for China that meets U.S. export control requirements. NVIDIA guided $54 billion in Q3 revenue, a figure that did not factor in any China sales—sales that would have bolstered the company's data center revenue numbers and potentially led to a beat on that metric.

Huang reiterated his optimism to Fox Business' Liz Claman, confirming talks with the Trump administration and stating he would be willing to give the U.S. government a cut of Blackwell sales, following the administration's requirement that NVIDIA pay a 15 percent cut to receive licenses to sell its H20 AI GPUs to China. Huang expressed his vision that U.S. technology should function "like the U.S. dollar: the global standard," underscoring his strategic position on international market access for NVIDIA's advanced chip technologies.