NVIDIA’s CEO, Jensen Huang, has confirmed that the US government relieved the firm, as it is now allowed to restart selling their H20 AI chipset to China.
Previously, the US government banned Nvidia from doing so due to the trade restrictions imposed. Finally, the government has lifted all the restrictions, a significant milestone for Nvidia, a major chip company.
The resumed sales will be beneficial for Samsung, as the AI chips need a massive memory, and fortunately, Samsung’s got a lot of it to sell. Noticeably, even as Nvidia’s approval for its HBM3E chipset still eludes Samsung, it’s got a lot to be happy about, with H20 sales to China resuming.
Samsung Electronics is the major beneficiary of the development, rising 1.57 percent on Wednesday to close at 64,700 won, which is nearly $46.57. Reportedly, the semiconductor sales hike resumed, sending Nvidia shares up 4% and AMD up 6.4%.
On the other hand, AMD is also looking forward to the restart of sales for its AI chip MI308, which is tailored for the Chinese market. Previously, Nvidia had been gearing up to deliver the B30 chip, which is an HBM-less variant due to the US export restrictions.
The analysts predicted that global HBM demand could hike by about 3% in case HBM-equipped H20 chip sales resumed in the Chinese market. Samsung will be the beneficiary among all its competitors, such as SK Hynix and Micron Technology, which have already shifted away from developing HBM3 for H20 and moved on to the next-generation HBM3E chipset, which will be significant for the company to see a meaningful improvement in Q3 results.
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