Nvidia faces uncertainty over China imports despite securing US license for H200 chips

May 20, 2026, 10:05:28 PM UTC(1 hour ago)

Impact: Medium

Affected Assets

The US Commerce Department cleared around 10 Chinese companies including Alibaba, Tencent, ByteDance, and JD.com to purchase Nvidia H200 chips under specific licensing terms
Each approved Chinese customer is permitted to purchase up to 75000 chips directly from Nvidia or through approved intermediaries like Lenovo and Foxconn
Despite the US export license approvals, no deliveries of H200 chips have been made to the Chinese market as of mid-May 2026
Nvidia Chief Financial Officer Colette Kress confirmed that while small amounts of H200 products were approved by the US government, the company has yet to generate revenue and remains unsure if imports will be allowed by Beijing
Beijing is reportedly hesitating to approve the imports due to strategic calculations, fearing that foreign chip imports could weaken its domestic push to develop homegrown AI alternatives

$NVDA is unsure whether any imports will be allowed into China, despite the U.S. license approval to ship H200. https://t.co/sOLBzGEsRu