
TableTops
517 posts










🚨The U.S. Commerce Department approved roughly 10 Chinese companies, including Alibaba, Tencent, ByteDance, and JD.com, to purchase Nvidia's H200 chips on a case-by-case licensed basis. This is not a blanket removal of export controls. Every transaction still requires government oversight, and each approved buyer is capped at 75,000 chips under the licensing terms. Here's the part most posts are leaving out: not a single chip has been delivered yet. Despite U.S. approval, Chinese firms have pulled back after guidance from Beijing. Pressure is mounting within China to block or tightly vet the orders, as Beijing pushes companies to keep investment focused on domestic alternatives. U.S. approval and Chinese approval are two separate things, and right now, only one side has said yes. There's also a 25% tariff attached that nobody is talking about. Chips manufactured in Taiwan must be routed through the United States for third-party verification before export to China. The moment they enter U.S. territory for that process, the 25% tariff applies. That cost gets built into the price of every H200 that actually ships. And the revenue recovery won't be instant, even if deliveries do begin. China has spent the past two years adapting and optimizing around Huawei's Ascend chips, investing in domestic alternatives, and building software stacks that don't depend on Nvidia. Market share lost during that period doesn't automatically return with a license approval. China currently represents roughly 13% of Nvidia's revenue, down from nearly 25% before the restrictions began. $NVDA earnings are May 20. That's when Jensen Huang will have to put real numbers behind what this reopening actually means for forward revenue. (NFA)





























