By JOSH BOAK, Associated Press WASHINGTON (AP) — President Donald Trump said Monday that he would allow Nvidia to sell an advanced type of computer chip used in the development of artificial intelligence to “approved customers” in China. There have been concerns about allowing advanced compute r chips to be sold to China as it could help the country better compete against the U.S. in building out AI capabilities, but there has also been a desire to develop the AI ecosystem with American companies such as chipmaker Nvidia. Related Articles Federal judge throws out Trump order blocking development of wind energy Trump says survivors of scrutinized US strike were trying to right boat before 2nd missile was fired Judge wants whistleblower to testify in contempt probe of Trump official over planes to El Salvador Former Colorado clerk will remain in state prison after a federal judge rejects her bid for freedom Tracking the retirement announcements of members of Congress The chip, known as the H200, is not Nvidia’s most advanced product. Those chips, called Blackwell and the upcoming Rubin, were not part of what Trump approved. Trump said on social media that he had informed China’s leader Xi Jinping about his decision and “President Xi responded positively!” “This policy will support American Jobs, strengthen U.S. Manufacturing, and benefit American Taxpayers,” Trump said in his post. Trump said the Commerce Department was “finalizing the details” for other chipmakers such as AMD and Intel to sell their technologies abroad. The approval of the licenses to sell Nvidia H200 chips reflects the increasing power and close relationship that the company’s founder and CEO, Jensen Huang, enjoys with the president. But there have been concerns that China will find ways to use the chips to develop its own AI products in ways that could pose national security risks for the U.S., a primary concern of the Biden administration that sought to limit exports. Nvidia has a market cap of $4.5 trillion and Trump’s announcement appeared to drive the stock slightly higher in after hours trading. ...read more read less