Nvidia has stopped producing the H200 in China: the US approved shipments but did not issue licenses

Brief overview of the situation with deliveries of Nvidia H200 graphics accelerators to China

What’s happening
Trump’s approval
At the end of last year, the U.S. president gave a principled approval for exporting Nvidia H200 accelerators to China, but the necessary licenses have still not been obtained.

Nvidia’s reaction
The company stopped ordering production of the H200 for the Chinese market and ceased planning large inventories of this model.

Alternative – Vera Rubin
In response to TSMC restrictions, the leading chip manufacturer began producing more advanced Vera Rubin generation accelerators on Nvidia orders, which is more advantageous in terms of available capacity.

Current deliveries
At the latest quarterly conference, Nvidia noted that it failed to ship a single H200 to China last quarter and forecasts for the current period also exclude such shipments.

Why Chinese authorities are opposed as well
China actively promotes the use of domestic components for developing AI infrastructure. Therefore the government does not approve imports of the H200, requiring special permits from authorities.

What this means for Nvidia
* Inventory – the company has 250 000 H200 accelerators that can meet limited demand.

* Future plan – if new deliveries are agreed upon after a meeting with Xi Jinping, the company will place orders with an execution time of about three months. During this period Nvidia can use its existing inventory to satisfy current orders.

Conclusion
Deliveries of H200 accelerators to China are under dual pressure: from U.S. export restrictions and Chinese policy encouraging local production. Until these barriers are lifted, Nvidia will focus on more readily available Vera Rubin models and use its existing H200 stock to sustain demand.