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Nvidia Corp. announced it will resume sales of its H20 AI chips to China and unveiled a new RTX PROPU tailored for the Chinese market, according to Benzinga. CEO Jensen Huang stated that the company had received assurances from the U.S. government that export licenses would be granted. The RTX PRO chip complies with U.S. trade regulations and is designed for use in smart factories and logistics AI applications. The chip reflects Nvidia’s effort to retain its market share in China amid strict trade restrictions. Huang announced visits to Washington and Beijing, where he discussed AI infrastructure and U.S. technology leadership. The resumption of H20 deliveries follows a U.S. licensing requirement that cost Nvidia $2.5 billion in lost revenue earlier this year. The company has denied that its chips are used by China’s military.

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00:00It's Benzinga bringing Wall Street to Main Street.
00:03NVIDIA Corp. announced it will resume sales of its H20 AI chips to China
00:07and unveiled a new RTX Pro Pew tailored for the Chinese market, according to Benzinga.
00:13CEO Jensen Huang said the company received assurances from the U.S. government
00:17that export licenses would be granted.
00:20The RTX Pro chip complies with U.S. trade rules
00:22and is designed for smart factory and logistics AI use.
00:26The chip reflects NVIDIA's effort to retain its market share in China
00:29amid strict trade restrictions.
00:32Huang made the announcement following visits to Washington and Beijing,
00:34where he discussed AI infrastructure and U.S. technology leadership.
00:39The resumption of H20 deliveries follows a U.S. licensing requirement
00:43that cost NVIDIA $2.5 billion in lost revenue earlier this year.
00:48The company has denied that its chips are used by China's military.
00:52For all things money, visit Benzinga.com.

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