Overview
- President Donald Trump authorized exports of Nvidia’s H200 GPUs to approved buyers in China with a 25% payment to the U.S., while Blackwell and future Rubin chips remain barred.
- Nvidia announced optional, read‑only telemetry software that lets customers and Nvidia view GPU locations via IP and system signals, with no remote disable capability.
- Reports allege Chinese startup DeepSeek obtained banned Blackwell GPUs through an elaborate diversion scheme, but Nvidia says it has seen no substantiation and calls the claims far‑fetched.
- Enforcement pressure remains high as Justice Department investigations have examined smuggling networks moving more than $160 million in Nvidia chips to China.
- Analysts see limited but positive revenue potential from controlled H200 sales, yet actual uptake depends on licenses, enforcement, and potential Chinese approval requirements for importers.