Nvidia last week struck a deal with the U.S. government to resume selling products in China, in exchange for giving it a 15% cut of the sales.

Nvidia struck a surprising deal after convincing the president that H20 chips aren’t a national security risk. But whether the reversal is good or bad depends on who you ask.

Nvidia is developing a new Blackwell-based AI chip for China, expected to outperform the H20 amid export curbs, security concerns, and intensifying U.S.-China tech tensions.