Nvidia NVDA.O said on Monday it will resume sales of its H20 artificial intelligence chip to China and has introduced a new model tailored to meet regulatory requirements in the Chinese market.

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, the company said in a blog post.

Nvidia's CEO Jensen Huang says the technology giant has won approval from the Trump administration to sell its advanced H20 computer chips used for artificial intelligence to China.