Eugene Hsiao of Macquarie Capital says AI 'has always been a priority' in China, and current reforms are targeting misplaced investment. He also discusses the global AI landscape, including China's hardware and software capabilities and implications of the resumption of Nvidia H20 chip sales to China.

Nvidia has resumed production of its H20 AI chip after securing a new order from Taiwan Semiconductor Manufacturing Company, according to Benzinga. The move follows the Trump administration’s easing of export restrictions imposed in April over national security concerns.