Nvidia (NASDAQ:NVDA) said Tuesday it hopes to resume sales of its H20 GPUs to Chinese clients, citing U.S. government assurances that export licenses will be granted. “The U.S. government has assured NVIDIA that licenses will be granted,

US technology giant Nvidia says it will soon resume sales of its high-end artificial intelligence (AI) chips to China. The US government has assured the firm that it will grant the licenses needed to restart exports to the world's second largest economy,

China has reported its exports accelerated in June as a reprieve on U.S. tariffs prompted a rush of orders by companies and consumers.

U.S. retailers and other importers that had largely halted shipments in May due to tariffs, resumed imports from China in June, amid truce.

China's exports rose more than expected in June, official data showed Monday, after Washington and Beijing agreed a tentative deal to lower swingeing tariffs on each other.