Overview

• The U.S. Commerce Department has assured Nvidia that export licences for its China-specific H20 AI chip will be granted imminently under a rare-earths agreement.
• Nvidia has formally filed licence applications and is preparing production ramps to resume H20 shipments to mainland China.
• Chinese tech firms from ByteDance to Tencent are placing orders through Nvidia’s approved-customer list ahead of licence approvals.
• The company plans to launch an RTX Pro GPU variant designed to comply fully with U.S. export restrictions and avoid licence requirements.
• Analysts estimate that reviving H20 exports could recoup part of Nvidia’s $4.5 billion write-off and add $15 billion to $20 billion in revenue this year.