Nvidia said in a statement that it is filing applications with the US government to resume H20 sales and that "the US government has assured Nvidia that licenses will be granted, and Nvidia hopes to start deliveries soon.

Washington has been concerned China could use Nvidia’s chips to get a jump on the U.S. in high-tech fields, particularly when it comes to artificial intelligence.

On Monday, Nvidia announced that the U.S. government will allow it to resume sales of its H20 AI chips in China. The company still needs to secure official licensing approval from the Trump administration,