Nvidia’s Return to China’s AI Chip Market
Nvidia (NASDAQ: NVDA) has received U.S. approval to resume sales of its H200 chips to China after a year-long absence due to export controls. The company reported an impressive revenue growth of 65% in the last fiscal year, exceeding $215 billion, with previous sales to China accounting for approximately 13% of total revenues, amounting to nearly $28 billion.
During Nvidia’s recent GTC conference, CEO Jensen Huang announced that the company is set to restart manufacturing to meet demand from Chinese customers who have already placed orders. The H200 chips are expected to enter the Chinese market within weeks, with future plans to gain authorization for its newer Blackwell chips by early next year. Analysts project that the Chinese market opportunity could be worth a couple of hundred billion dollars by the decade’s end.
