Nvidia Corp.’s Jensen Huang spent months telling everyone what a grave mistake the US was making restricting shipments of artificial intelligence processors to China — with little sign that his argument was swaying anyone.

The approvals mark a major reversal after April’s sweeping restrictions, imposed by the Trump administration, barred companies from selling certain advanced semiconductors to China. Those rules left Nvidia facing a $4.5 billion inventory write-down, as it had no alternative buyers for its H20 chips.

Nvidia said in a statement that it is filing applications with the US government to resume H20 sales and that "the US government has assured Nvidia that licenses will be granted, and Nvidia hopes to start deliveries soon.