老黄乐开花，H20杀回中国市场

Core Insights - Nvidia has been granted permission to resume sales of the H20 chip in China, which is a significant development for the tech industry [1][4] - The H20 chip, designed for AI applications, was initially restricted by the U.S. government, leading to substantial financial losses for Nvidia and disruptions for Chinese AI companies [3][4] Group 1: Nvidia's H20 Chip - The H20 chip, based on the Hopper architecture and featuring advanced CoWoS packaging technology, is tailored for vertical model training and inference, making it a valuable asset for AI companies in China [3] - Following the U.S. government's restrictions in April, Nvidia faced a $4.5 billion loss due to excess inventory and projected a further $8 billion revenue decline in the second quarter [3] - The approval for H20's export to China is expected to revitalize AI projects that were stalled due to the chip shortage, particularly in areas like smart driving technology [4] Group 2: Market Dynamics - The Chinese market contributed $17 billion to Nvidia's revenue last year, accounting for 12.5% of total revenue, highlighting its importance to the company [4] - Despite the setbacks, Chinese AI firms, including Huawei, have been advancing their own chip development, indicating a shift towards self-reliance in technology [4][5] - The incident underscores the volatility of reliance on foreign chips, prompting a call for increased focus on domestic chip development to mitigate future risks [5]