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Nvidia Stock Rises: China Approves H200 Import Approvals

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Nvidia stock is ⁤trading higher today on reports that China has cleared⁣ the way ​for ByteDance, Alibaba,‌ and Tencent to begin purchasing Nvidia’s advanced H200 artificial intelligence (AI) chips. U.S. President Donald Trump had previously cleared H200 exports to the Communist country but Chinese companies were ⁣apparently waiting for a nod​ from the government.

Chinese regulators had previously hesitated to approve the imports, fearing they would undermine the growth of domestic chipmakers like Huawei. Though,the‍ tide turned this week during an official visit to China by Nvidia CEO Jensen Huang.

China ⁤Reportedly Clears Imports of H200

According to reports, the first batch of approvals​ covers over 400,000 ⁤H200 chips, worth an estimated $10 billion.ByteDance, Alibaba, and tencent are the first in line, with a queue forming‍ for⁢ other domestic ⁢firms. Sources indicate that Beijing’s “nod” comes‌ with strings attached. Regulators⁢ are expected to require a bundle ratio, where companies must purchase a certain percentage of domestic AI chips (such as ‍Huawei’s⁤ Ascend series) ‍for every Nvidia chip imported.

Why the H200 matters For China

The H200 is a significant leap over the “nerfed”‌ H20⁤ chips previously available to the‌ Chinese market. It offers ⁢approximately six times the performance of the H20, making it essential for training the massive Large Language Models (LLMs) required to compete with ⁢Western entities​ like OpenAI.

In a social‍ media post last month, Trump said that the exports have been​ allowed “under‍ conditions that allow for​ continued strong‍ National Security,” to which he added, “President Xi responded positively!”

It is worth noting that the export license covers the Nvidia H200 accelerator, which is ⁣the ‍company’s second-most‍ powerful AI chip and a ample upgrade over the⁣ previously restricted, ⁣lower-performance H20 variant.

The more‍ advanced, next-generation Blackwell and upcoming Rubin chip families will remain off-limits to Chinese customers, ensuring that America​ maintains ⁢its technological edge.

The deal specifies that exports will only be made ⁤to “approved commercial customers,” with the Department of Commerce‌ finalizing the details and‌ vetting process.

A significant increase in Nvidia’s‌ revenue⁣ reported through Singapore⁢ is prompting​ investigations by‌ both U.S. and Singaporean authorities,raising concerns about potential circumvention of U.S. export controls on⁤ advanced ‌semiconductors destined for China. The surge doesn’t necessarily indicate the chips’ final destination.

Context and Explanation

Nvidia reports revenue based on the customer’s billing location, not the‌ physical destination ⁤of ⁣the chips. Many U.S.and ‌European companies utilize Singaporean entities for centralized invoicing,⁣ even when products are shipped to data centers in the United States or⁢ Europe. nvidia clarified that “most shipments associated with Singapore‍ revenue were ⁢to locations other than Singapore and shipments to Singapore were insignificant.”

Singapore’s Position

Singapore’s Ministry of Trade and Industry (MTI) confirmed ‌that the physical delivery⁢ of products to Singapore represents less than 1% ‌of the revenue billed ther. the Singaporean government‍ expects companies to ‌adhere to both U.S. export controls⁣ and‍ singaporean laws, and ​has initiated investigations to prevent abuse of its trade system ⁤to bypass ‌global restrictions.

Investigations and Arrests

Despite ⁣thes clarifications, the ⁢substantial revenue​ increase billed ‌through Singapore triggered investigations into whether⁣ intermediaries based in Singapore illegally rerouted⁤ restricted chips, potentially including shipments to DeepSeek. singaporean police have made arrests related to fraud involving the illegal re-export of graphics processing units (GPUs).

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