NVIDIA CEO Jensen Huang recently confirmed US approval for H20 AI chip exports to China, marking the company's return to this critical market. Multiple industry sources reveal Chinese tech giants including Tencent and ByteDance are racing to place orders for these high-performance processors. Each transaction requires subsequent US government authorization before fulfillment.
The procurement process centers around NVIDIA's newly established "white list" system. Only pre-approved Chinese companies may register procurement intentions through this controlled channel. Both ByteDance and Tencent have reportedly initiated the application procedures, though neither firm responded to requests for comment. NVIDIA declined to address specific questions about the approval mechanism.
Beyond resuming H20 shipments, NVIDIA plans to introduce additional China-compliant chips tailored to meet evolving regulatory requirements. The announcement immediately impacted markets, with NVIDIA shares surging 4.4% to $170.70 on July 15, boosting its market capitalization to $4.17 trillion as investors reacted to the renewed China access.
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