Nvidia(US:NVDA) 智通财经网·2025-12-31 09:15Group 1 - Nvidia is working to meet strong demand from Chinese tech companies for its H200 AI chips, having engaged TSMC to increase production [1] - Chinese tech companies have ordered over 2 million H200 chips for 2026, while Nvidia's current inventory stands at 700,000 chips [1] - Nvidia plans to start additional chip production at TSMC, expected to begin in Q2 2026, with pricing set around $27,000 per chip [1] Group 2 - Concerns have arisen regarding potential tightening of global AI chip supply as Nvidia balances strong demand from China with supply constraints in other regions [2] - The U.S. government has allowed Nvidia to sell H200 chips to China, imposing a 25% revenue share on related exports, but Nvidia has not yet received approval for sales [2] - Chinese internet companies are driving demand for H200 chips, viewing them as a significant upgrade over currently available options [2] Group 3 - Pricing for H200 chips will vary based on purchase volume and customer arrangements, with an eight-chip module estimated to cost around 1.5 million RMB [3] - The performance of H200 is approximately six times that of the H20, making the pricing attractive to Chinese internet companies [3] - ByteDance plans to spend about 100 billion RMB on Nvidia chips in 2026, an increase from 85 billion RMB in 2025, contingent on Nvidia's approval to sell H200 chips in China [3]