Investing.com-- NVIDIA Corporation (NASDAQ: NVDA ) said on Monday that it will resume selling its H20 processor in China “soon,” amid improving trade relations between Washington and Beijing, and as CEO Jensen Huang met with officials from both sides.

Nvidia also announced a new graphical processing unit for China which it claimed was ideal for artificial intelligence smart factories and logistics.

Shares of the firm rose 3.3% to $169.40 in 24-hour trade.

Huang told customers that Nvidia is “filing applications to sell the Nvidia H20 GPU again… the U.S. government has assured Nvidia that licenses will be granted,” the world’s most valuable listed company said in a statement.

The move comes after Washington lifted several restrictions on the export of chip technology to China, having recently allowed chip design majors including Synopsys (NASDAQ: SNPS ) to resume sales in China.

Nvidia was effectively blocked from selling its H20 chip in China earlier this year, as a trade war between the world’s biggest economies worsened. The Donald Trump administration had imposed even stricter licensing requirements for sales to China.

Nvidia had forecast at least $5.5 billion in charges due to the increased restrictions, given that China still represents a major market for the chipmaker.

But Washington and Beijing in May and June agreed to substantially lower their respective trade tariffs against each other.

The H20 is a processor Nvidia designed specifically to sell in China, and was made in line with earlier, Biden-era restrictions. The chip is wildly popular among Chinese artificial intelligence developers, and is used by majors such as DeepSeek, Tencent, Baidu (NASDAQ: BIDU ), and Alibaba (NYSE: BABA ).

Nvidia had warned repeatedly that stricter U.S. restrictions threatened to block it completely from Chinese markets. CEO Huang even called U.S. export restrictions against China a “failure.”