Nvidia(US:NVDA) Tai Mei Ti A P P·2025-12-09 00:16Core Viewpoint - The U.S. government has allowed NVIDIA to export its H200 chips to qualified customers in China and other countries, while emphasizing that more advanced chips like Blackwell and Rubin are still restricted [1][3]. Group 1: Export Regulations and Impact - NVIDIA has faced significant challenges regarding chip exports to China, particularly after the U.S. imposed restrictions requiring export licenses for high-end chips [3]. - The company previously dominated the market with a special version of the H20 chip, but sales to China have drastically declined, with CEO Jensen Huang stating that sales dropped from 95% to 0% [3]. - In Q3, NVIDIA's AI chip sales in China amounted to only $5 million, representing just 0.09% of total revenue, indicating a severe impact on the company's market presence [3]. Group 2: Government Relations and Future Prospects - NVIDIA has successfully lobbied against further restrictions on chip exports, preventing the inclusion of the GAIN AI Act in the National Defense Authorization Act [4]. - The H200 chip, which is more advanced than the H20, is expected to have a better chance of re-entering the Chinese market, although it still requires approval from Chinese authorities after receiving U.S. export licenses [4]. - There is uncertainty regarding whether China will accept the H200 chip, as NVIDIA cannot compromise on product quality to meet market demands [4].