Overview
- Chinese authorities instructed several local tech firms to suspend new H200 orders during a review intended to favor domestic AI chips and discourage stockpiling.
- U.S. interagency reviews for H200 export licenses are ongoing under a policy that allows limited sales and requires Nvidia to pay 25% of related income to the U.S. government.
- Nvidia says demand in China remains very high and that H200 production has resumed, with supply lines restarted.
- Media reports indicate more than 2 million H200s are on order, representing roughly $54 billion in potential revenue that depends on regulatory approvals in both countries.
- Investor reaction has been muted, with shares moving slightly as markets wait for clarity on licensing and China’s import stance.