h200

Сообщение ChainCatcher, что Nvidia (NVDA.O) в первой половине года начислила 400 миллионов долларов из-за избытка запасов H200.

ChainCatcher сообщает, что Китай начал смягчать ограничения на импорт H200 от NVIDIA. В последние недели ByteDance и Tencent получили около 10 000 H200, и другие технологические компании также могут вскоре получить одобрение на аналогичные объемы.Ранее США уже одобрили покупку H200 несколькими китайскими компаниями, но сделки застряли на этапе одобрения со стороны Китая. Теперь чипы наконец начали поступать в страну партиями, хотя до полного открытия еще далеко.В настоящее время Пекин разрешает лишь небольшое количество H200 для ввоза в страну, надеясь, что компании развернут больше чипов в Гонконге и других зарубежных регионах. Закупки на материковом Китае по-прежнему требуют отдельного одобрения. Это позволит ведущим AI-компаниям продолжать использовать NVIDIA для обучения передовых моделей и оставит место на рынке для отечественных чипов, таких как Huawei.

Some high-end graphics cards, servers, and other products are gradually landing in JD's self-operated channels. According to JD's data, since May 14, the attention on "NVIDIA" H200 related chips and server workstation equipment launched on JD's platform has significantly increased, with the search volume for NVIDIA H200 related chips increasing 25 times year-on-year, and the search volume for NVIDIA H200 related servers and workstations increasing over 40 times year-on-year.

According to a report by Reuters, the United States has approved the sale of Nvidia H200 AI chips to about 10 Chinese companies, including Alibaba, Tencent, and ByteDance, but no chips have been delivered yet, and the related transactions are at a standstill.The report pointed out that Nvidia CEO Jensen Huang joined the delegation during President Trump's visit to China, trying to promote the sale of H200 chips in China. The U.S. Department of Commerce has also approved some distributors, such as Lenovo and Foxconn, to directly purchase and resell the chips. However, due to strict security, usage, revenue sharing, and legal restrictions imposed by the U.S. on H200 exports, there are conflicts with China's supply chain security policies, leading to stricter order approvals.

According to Jinshi Data, there are market reports that Nvidia has informed its Chinese customers that it plans to deliver H200 chips in mid-February 2026. The expected total shipment is 5,000 to 10,000 sets of modules, approximately 40,000 to 80,000 H200 chips. In response, Nvidia stated, "We are continuously managing our supply chain, and selling H200 to authorized customers in China will not affect our ability to supply global customers."According to Nvidia's statements, the plan to sell H200 in the Chinese market is basically confirmed. Meanwhile, sources say that Nvidia CEO Jensen Huang will visit China in January 2026. The sources also indicated, "The unit price for the H200 8-card module given to the channel by Nvidia is 1.4 million yuan, which is slightly more expensive than the H20."

On December 8, local time, U.S. President Trump stated that the U.S. government would allow Nvidia to sell its H200 artificial intelligence chips to China, but a 25% fee would be imposed on each chip. The H200 is considered Nvidia's "second strongest" AI chip in terms of performance. Trump mentioned that the U.S. Department of Commerce is finalizing the relevant details, and the same arrangements will apply to AI chip exports from companies like AMD and Intel.Following the announcement, Nvidia's stock price rose 1.2% in after-hours trading. Reuters pointed out that this decision indicates a shift in the Trump administration's policy on AI chips to China, as Nvidia CEO Jensen Huang had been lobbying the U.S. government for months to ease export restrictions.The report cited Huang's view that the Chinese market is crucial for the competitiveness of the U.S. AI industry, and stable U.S.-China trade helps avoid double damage to both sides' industrial chains. The Chinese Ministry of Foreign Affairs previously stated that the U.S. should take practical actions to maintain the stability of the global supply chain.