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President Donald Trump on Monday said Nvidia will be allowed to ship its H200 artificial intelligence chips to "approved customers" in China and elsewhere, on the condition that the U.S. gets a 25% cut.

Chinese President Xi Jinping "responded positively" to the proposal, Trump wrote in a Truth Social post .

The policy "will support American Jobs, strengthen U.S. Manufacturing, and benefit American Taxpayers," Trump wrote.

"The Department of Commerce is finalizing the details, and the same approach will apply to AMD , Intel , and other GREAT American Companies," he added in the post.

Both Nvidia and chip rival AMD, short for Advanced Micro Devices , agreed in Augus

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