BEIJING (VINnews)  The U.S. Commerce Department has approved Nvidia to sell its advanced H200 artificial intelligence chips to roughly 10 major Chinese companies, including Alibaba, Tencent, ByteDance and JD.com, as CEO Jensen Huang joins President Donald Trump in China for high-stakes trade talks.

The approvals, which also extend to distributors such as Lenovo and Foxconn, could open a market that Nvidia has valued at up to $50 billion, though no shipments have occurred yet amid ongoing restrictions and Chinese preferences for domestic alternatives.

Each approved buyer can purchase up to 75,000 of the H200 chips, Nvidia’s second-most powerful AI processor cleared for the Chinese market, either directly from the company or through intermediaries, according to people familiar with the matter. The licenses come with conditions, including limits to prevent military use and requirements for sufficient U.S. supply.

The development was reported Thursday as Trump arrived in Beijing with a delegation of top U.S. executives, including Huang, who boarded Air Force One during a refueling stop in Anchorage, Alaska, after initial reports suggested he had been left off the trip.

Trump confirmed the last-minute invitation on Truth Social, calling out media reports as “FAKE NEWS” and praising the gathering of business leaders. Huang’s participation underscores Nvidia’s push to navigate U.S. export controls that have restricted sales of its most advanced chips to China since 2022.

The Trump administration eased some restrictions on H200 exports earlier this year, following lobbying by Huang. The policy shift aims to balance national security concerns with economic opportunities, though bipartisan hawks in Washington have raised alarms about aiding China’s AI ambitions.

No deliveries have been made under the new approvals, sources told Reuters, as Beijing has informally encouraged investment in homegrown options like Huawei chips. Huang is expected to seek breakthroughs during the summit with Chinese President Xi Jinping.

Nvidia shares rose about 2% in premarket trading on the news.

The summit focuses on trade, investment and technology issues amid broader U.S.-China tensions. Other delegation members include Apple CEO Tim Cook, Tesla CEO Elon Musk and leaders from finance and aerospace sectors.

VINnews will continue to monitor developments from Beijing.