Sharp China with Bill Bishop (Preview) Nvidia Can Sell H20 Chips to China Again; Trump Softening on China?; A Flurry of Xi Activity; Yang Hansen at NBA Summer League
Jul 17, 2025
Nvidia is back in the chip game, gaining permission to sell H20 chips to China, signaling a potential thaw in U.S.-China relations. Discussions turn to the implications of this policy shift, with speculations on rare earth exports and a possible softening stance from Trump. Meanwhile, Xi Jinping is busy, and there's a spotlight on the real estate sector as stimulus efforts face delays. The episode wraps with insights on leadership changes in Beijing and highlights from Yang Hansen's standout performance at the NBA Summer League.
AI Snips
Chapters
Transcript
Episode notes
Nvidia's China Chip Sales Reversed
- Nvidia got approval to sell its H20 AI chip in China after a ban that cost billions.
- This signals a potential rollback of chip export controls influenced by trade talks and rare earth leverage.
Rare Earths Leverage Chip Deal
- The Trump administration's quick reversal on the H20 chip ban lacks normal policy process.
- China used rare earth export controls as leverage to negotiate chip export relaxations from the U.S.
Broad Chip Relaxation Expected
- Nvidia wrote off $5B+ inventory but may now sell chips starting with H20s to China.
- Relaxations may expand to more advanced chips as part of a broader tech and rare earth trade deal.