The Trump administration wants to encourage Chinese companies to use Nvidia’s H200 chip while limiting sales of the company’s newest chips, known as Blackwell.
A mammoth data center is rising in Amarillo, Texas. Firms controlled by the Lutnick family have helped finance it, banking millions in fees in the process.
Over the last 10 months, President Trump has become close with Jensen Huang, Nvidia’s chief executive, as the company’s chips have become a tool in trade and peace talks.
In April, Jensen Huang, chief executive of Nvidia, announced at a White House news conference that Nvidia and its suppliers would invest $500 billion in U.S. manufacturing.
President Trump has threatened to cancel a meeting with China’s top leader, Xi Jinping, who spoke at the Global Leaders’ Meeting on Women in Beijing on Monday.
An executive of a Singaporean firm called Megaspeed socialized with Nvidia’s Jensen Huang. Now the company is being scrutinized by U.S. officials for its ties to China.
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