The U.S. has cleared around 10 Chinese firms to buy Nvidia’s second-most powerful AI chip, the H200, but not a single delivery has been made so far, three people familiar with the matter said, leaving a major technology deal in limbo as CEO Jensen Huang seeks a breakthrough in China this week.
The U.S. Commerce Department has now reportedly approved around 10 Chinese companies, including Alibaba, Tencent, ByteDance, and JD.com , to purchase Nvidia’s H200 chips.
Several distributors, including Lenovo and Foxconn, have also received approval.
Buyers can purchase directly from Nvidia or through these intermediaries. Each approved customer is allowed to buy up to 75,000 chips under U.S. licensing regulations.
Before U.S. export restrictions tightened, Nvidia controlled about 95% of China’s advanced chip market. China represented 13% of its revenue, and Huang has previously estimated that the country’s AI market alone would be worth $50 billion this year.
Huang, on Thursday, said that he hopes Trump and Xi will build on their good relationship during talks in Beijing to improve two-way ties.
By CEO NA Editorial Staff
