Last week, Nvidia CEO Jensen Huang said it would soon resume selling its H20 chips to China after a breakthrough with the Trump administration on regulations.

Sources say firms are rushing to buy Nvidia's H20 AI chips, as the company said it planned to resume sales to China.

Mich., said Beijing-focused export controls should be designed to keep China’s military “from leapfrogging ahead with U.S. hardware.”

SK Hynix flagged plans to lift spending this year on advanced chipmaking after posting a record quarterly profit on Thursday, boosted by strong demand for artificial intelligence chips and customers stockpiling ahead of potential U.