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Nvidia Gains Access to Chinese Market for H200 Chips
Nvidia (NASDAQ: NVDA) will now be allowed to sell its H200 chips in China, following an announcement by President Donald Trump on December 8. The deal stipulates that Nvidia must pay 25% of its revenue from these sales to the U.S. government.
This development comes after Nvidia suffered a significant financial setback due to previous restrictions, reporting a $4.5 billion charge attributed to H20 chip export limitations, as the company lost $2.5 billion in sales in just one quarter. With H200 chips, priced nearly three times more than H20 and set to launch in Q2 2024, Nvidia could potentially recover and exceed an anticipated $30 billion revenue run rate from China, boosting its overall revenue forecast for fiscal 2027 to $350 billion.
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