It’s been a very busy week for Nvidia CEO Jensen Huang. After meeting with President Donald Trump and senior officials in Beijing in recent days, Huang has secured a major victory for his AI-chip empire.

Nvidia’s scaled-down chip is called the H20. Introduced in 2023, it’s a slower version of the company’s H100 chip, which was at one point its fastest data center AI accelerator. AMD’s scaled-down chip is known as the MI308.

The Silicon Valley chip giant said the Trump administration, which had shut down its sales to China three months ago, had assured it that licenses for the sales would now be granted.