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Nvidia Targets February H200 Shipments to China Under New U.S. Licensing Regime

Regulatory uncertainty in both countries could still alter the plan through license reviews, fees, or added purchase conditions.

Overview

  • Nvidia has told Chinese clients it aims to deliver 5,000–10,000 H200 modules from existing stock before the Lunar New Year in mid‑February, according to Reuters sources.
  • The exports are contingent on Beijing’s approval and U.S. inter‑agency licensing under President Trump’s policy allowing H200 sales with a 25% fee.
  • Chinese authorities have not cleared any purchases and are considering conditions such as requiring each import to be bundled with a ratio of domestic chips.
  • Nvidia has indicated new H200 production capacity will open for orders in the second quarter of 2026, with current supply constrained by the shift to Blackwell and planned Rubin lines.
  • U.S. lawmakers are seeking stricter oversight and pre‑approval briefings, citing national‑security risks and recent prosecutions tied to illegal GPU shipments.