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.

It’s been a very busy week for Nvidia CEO Jensen Huang. After meeting with President Donald Trump and senior officials in Beijing in recent days, Huang has secured a major victory for his AI-chip empire.

Nvidia said the U.S. government is allowing the Silicon Valley giant to sell its artificial intelligence chips to China, indicating a course reversal in Washington’s ban on such sales and a tentative de-escalation in U.