Only a few years ago, the Biden administration declared export controls a “new strategic asset” to help the US maintain “as large a lead as possible” over China in advanced technology. President Donald Trump is now upending that approach.

The granting of export licenses for the company’s H20 chips points to a tentative de-escalation in the trade war between Washington and Beijing.

ByteDance has quietly become as the world’s largest social media company by revenue in the first quarter of this year, sources tell me and my colleague Kane Wu.

Huang is also expected to hold a closed door media event in Beijing later on Wednesday afternoon.

Nvidia’s CEO Jensen Huang says the technology giant has won approval from the Trump administration to sell its advanced H20 computer chips used to develop artificial intelligence to China.

Huang said his company would likely be able to recover some of its losses but it's unclear how much.