Nvidia’s CEO Jensen Huang says the technology giant has won approval from the Trump administration to sell its advanced H20 artificial intelligence computer chips to China. The news came in a company blog late Monday and Huang also spoke about the coup on China’s state-run CGTN television network in remarks shown on X.

The administration’s move marks a turnabout after the Commerce Department restricted sales of the chip in April, costing Nvidia billions of dollars. The news came during a visit by Huang to Beijing, where he was meeting senior officials.

The United States has a ban on sales of Nvidia's high-level chips to Chinese firms, but Nvidia CEO Jensen Huang says China doesn't actually need Nvidia's chips. Stephen Witt, author of the book "The Thinking Machine: Jensen Huang,