The Trump administration has halted its plans to restrict exports of Nvidia's H20 artificial intelligence chips to China following a dinner with CEO Jensen Huang at Mar-a-Lago. The decision comes after Nvidia pledged new U.S. investments in AI data centers, while Chinese companies have already placed significant orders for these advanced chips.

The U.S. government has announced new restrictions on the export of artificial intelligence chips from companies like Nvidia and AMD to China, aiming to hinder the country's advancements in AI technology. This move reflects a broader strategy by the Trump administration to combat China's growing capabilities in the tech sector.

The U.S. government has imposed a fee on exports of Nvidia's H20 chip and AMD's MI308 to China, both significant for AI applications. Nvidia has indicated the export restrictions previously cost it $4.5 billion in a single quarter, while demand for the H20 chip in China remains high. AMD has not yet commented on the situation.