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U.S. Clears Limited Nvidia H200 Exports to China Under 25% Revenue Share

The White House adopts a revenue-sharing model that keeps Nvidia’s Blackwell line off-limits.

Overview

  • President Trump said approved Chinese customers could buy H200 chips under national-security conditions, and he reported a positive response from Xi Jinping.
  • The Commerce Department is finalizing implementation rules, and the same revenue-share framework will extend to AMD and Intel.
  • Exports of Nvidia’s Blackwell chips remain prohibited, with availability not expected until the second half of 2026, according to reports.
  • The H200 is positioned above the previously authorized H20, with one think tank estimating it offers nearly six times the H20’s performance.
  • Nvidia shares rose about 2.2% in after-hours trading following the announcement.