Overview
- Bloomberg reported that regulators gave Alibaba, Tencent and ByteDance in-principle approval to advance preparations and discuss H200 order quantities, with formal confirmation from authorities still absent.
- CNBC reported that Nvidia CEO Jensen Huang will travel to China in the coming days to meet potential buyers and address logistical hurdles to delivering U.S.-approved chips.
- Washington recently cleared H200 exports to China with conditions that include shipment caps tied to U.S. volumes, third-party testing, delivery only to approved customers, a 25% tariff and a 25% revenue share.
- Chinese customs previously held or blocked H200 shipments, suppliers paused component production, and resellers say 8‑GPU H200 servers are fetching roughly 50% premiums on the gray market.
- Demand from Chinese firms is estimated at roughly 1.5–2+ million H200 units versus about 700,000 available, as Nvidia tightens China sales terms to require upfront payment and seeks added TSMC capacity slated to begin in Q2 2026.