🇺🇸🇨🇳 NVIDIA H200 China Sales Still Stalled @Reuters reports the U.S. has cleared around 10 Chinese firms to buy NVIDIA’s H200 chips, including Alibaba, Tencent, ByteDance and But no deliveries have been made yet, as Beijing remains cautious. @nvidia CEO Jensen Huang is joining Trump’s China visit this week.

JUST IN: 10 CHINESE FIRMS HAVE BEEN APPROVED TO BUY NVIDIA H200 CHIPS. NOT A SINGLE DELIVERY HAS BEEN MADE. Beijing has been telling its companies to hold off. The full picture, per Reuters: The approved buyers (~10 total): • Alibaba $BABA • Tencent • ByteDance (private) • JD. com $JD • 6 others not named in the report The approved distributors: • Lenovo • Foxconn • Each approved customer can purchase up to 75,000 chips under U.S. licensing terms Why no deliveries have happened: • Chinese firms pulled back after guidance from Beijing • Beijing wants to keep AI investment focused on domestic chips like Huawei's • DeepSeek and other Chinese AI labs are increasingly pivoting to homegrown chips • Two recent State Council supply chain security regulations are tightening scrutiny of foreign tech dependencies The deal mechanics: • Trump negotiated 25% of revenue from chip sales going to the U.S. • Chips must physically pass through U.S. territory before being shipped to China • Buyers must demonstrate "sufficient security procedures" and no military use • NVIDIA $NVDA must certify sufficient U.S. inventory The bigger picture: • Before U.S. export curbs, NVIDIA had ~95% of China's advanced chip market • China was 13% of NVIDIA's revenue at peak • Huang has estimated China's AI market alone is worth $50 billion this year • NVIDIA's share of AI accelerators in China has effectively fallen to zero • Huang is currently in Beijing with President Trump for a summit with Xi Jinping

🔥 The U.S. reportedly cleared #NVIDIA# #H200# sales to ~10 Chinese firms including #Alibaba# and #Tencent#, but no chips have shipped yet. Now Jensen Huang is on Trump's China trip. How will this play out? 💡More: 🔗

🇺🇸 🇨🇳 JUST IN: The US has cleared around 10 Chinese firms including Alibaba and Tencent to buy Nvidia's H200 chips, though no deliveries have been made yet, per Reuters.