China Set To Approve Nvidia H200 AI Chip Purchases As Soon As This Quarter

Bloomberg reports China is poised to approve limited imports of Nvidia's H200 AI chips this quarter, a significant development after restrictions. This approval, if accurate, would grant Nvidia partial access to the massive Chinese market. The H200 chips would be restricted from military, government, and state-owned entities. The H200 is an older generation chip that the U.S. has already permitted for export to China. Chinese tech giants like Alibaba and ByteDance have shown interest in the H200 chips. Nvidia plans to send thousands of chip modules to China in the upcoming months. Reopening the market is a win for Nvidia, with the Chinese AI chip market predicted to hit $50 billion. Nvidia executives have confirmed strong Chinese customer demand for the H200. They also stated they've submitted license applications and are awaiting US government approval. Nvidia shares saw a marginal rise in pre-market trading due to the news.