The Santa Clara, Calif.-based hardware giant said it has received U.S. government assurances that it will get licenses to export its H20 graphics processing units to Chinese buyers. (The Logic)

Talking point: Nvidia paused sales of the semiconductors in April, saying the U.S. government had imposed licensing requirements on Chinese orders; it estimated the move would cost it US$5.5 billion in lost revenue in the first quarter. The company specifically designed the H20 for the Chinese market in response to Washington’s concerns. U.S. Commerce Secretary Howard Lutnick said the Trump administration is letting Nvidia sell the chips in China once more as part of negotiations with Beijing over rare earth metals. He also said the H20 is Nvidia’s “fourth-best” chip, so exporting it to China is less of a threat to the U.S. Nvidia’s stock rose as much as 5.07 per cent in Tuesday trading.