Nvidia Corp (NASDAQ:NVDA) is on track to sell $12 billion of artificial intelligence chips in China this year despite the U.S. export controls, the Financial Times reports. According to analyst forecasts, the company will deliver more than 1 million new H20 chips, designed to circumvent U.S. restrictions on selling AI processors to Chinese customers. That figure is nearly double what Huawei is expected to sell for its China-made rival product, Ascend 910B, the FT cites SemiAnalysis, chip consultancy estimates. Each H20 chip costs between $12,000 and $13,000, suggesting Nvidia could generate ov…