The head of a House of Representatives panel on China told U.S. Commerce Secretary Howard Lutnick that resuming sales of Nvidia's H20 chips to China threatens to advance Beijing's AI capability, stepping up his criticism of the decision and saying the original ban was "the right call.

The chairman of the House Select Committee on China has objected to the resumption of Nvidia selling H20 AI chips to China, citing concerns about advancing China's AI capabilities. The decision reverses an export restriction and has sparked criticism from U.

NVIDIA Corp. NVDA — the undisputed global leader of the generative artificial intelligence (AI)-powered graphical processing units (GPUs) — saw a 4% jump in its stock price on July 15, after the company said in a statement that it is hopeful about resuming sales of H20 AI chips to China.