Nvidia (NVDA) has pushed back against claims from Chinese state media that its H20 artificial intelligence chips pose a national security threat.

BEIJING/SINGAPORE: Nvidia is developing a new AI chip for China based on its latest Blackwell architecture that will be more powerful than the H20 model it is currently allowed to sell there, two people briefed on the matter said.

BEIJING / SINGAPORE] Nvidia is developing a new AI chip for China based on its latest Blackwell architecture that will be more powerful than the H20 model it is currently allowed to sell there, two people briefed on the matter said.

Nvidia shared an opinion piece by Aaron Ginn, co-founder of AI company Hydra Host, stating that despite the U.S.’s export controls on Nvidia’s H20 chips, China continued to achieve AI breakthroughs.

Kyle Bass, Hayman Capital founder and CIO, joins 'Squawk Box' to discuss the impact of Trump-Putin summit on China, thawing of relations between India and China, state of U.S.-China relations, President Trump's decision to allow Nvidia and AMD to sell chips to China,

China has reportedly urged local companies to not buy American semiconductors, especially those made by Nvidia and AMD. The curbs come weeks after Donald Trump lifted the export ban on Nvidia's H20 chips to China.

Just hours after President Trump confirmed a new deal that will see Nvidia pay 15% of sales revenue to the government in exchange for H20 export licenses, a new Bloomberg report claims that China's government has been urging local companies to avoid using the chips for weeks.