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Nvidia Restarts H200 Production as U.S. Reviews Licenses for China Exports

Shipments hinge on a 25% U.S. take with Chinese approvals signaled only by purchase orders.

Overview

  • Nvidia’s CFO said U.S. agencies are “working feverishly” on H200 export applications, but the company has no approval date.
  • Jensen Huang reported “very high” demand from Chinese customers and confirmed that H200 production has resumed.
  • Huang said the supply chain is “fired up” with H200 units flowing through manufacturing ahead of potential shipments.
  • President Donald Trump’s December policy allows limited H200 sales to China provided Nvidia pays 25% of those revenues to the U.S. government.
  • Huang expects no public notice from Beijing, with regulatory clearance effectively reflected in incoming purchase orders, and noted the H200 is not a deliberately slowed model.