The U.S. has agreed to let Nvidia sell its advanced H20 computer chips to China just days after President Donald Trump met with the company's chief executive, his "friend" Jensen Huang. The decision, which the company announced Monday in a blog post, reverses a Commerce Department policy put in place in April that restricted sales of the chip, causing an estimated $5.5 billion in losses, the Associated Press reported. Last week, Huang met with Trump to personally lobby for a reversal, according to the Wall Street Journal. He argued that allowing Nvidia to sell its technology worldwide would result in American companies dominating artificial intelligence instead of Chinese companies.