突发！英伟达 H200 对华解禁，但特朗普有条件。网友：爱卖不卖，国产加油

Core Viewpoint - The article discusses the recent announcement by Trump allowing Nvidia to export H200 AI chips to China under specific conditions, highlighting the implications for both the U.S. and Chinese markets [4][5]. Group 1: Export Conditions - The export of H200 chips is conditional on two main points: the more advanced Blackwell and upcoming Rubin chips remain banned for export, and the U.S. government will take a 25% cut from H200 sales, which will also apply to other AI chip companies like AMD and Intel [5][6]. - The H200 chip is reported to have six times the performance of the previously allowed H20 chip, enabling Chinese AI labs to build supercomputers close to U.S. top-tier levels [5]. Group 2: Nvidia's Position - Nvidia's CEO, Jensen Huang, played a crucial role in lobbying for this policy change, emphasizing the importance of the Chinese market and suggesting that Nvidia could export $2 billion to $5 billion worth of chips to China each quarter if geopolitical tensions ease [6][7]. - Following the announcement, Nvidia's stock price rose nearly 3% in after-hours trading, indicating positive market sentiment regarding the decision [5]. Group 3: Political Implications - Trump's decision serves a dual purpose: it claims to protect national security and create U.S. jobs while also generating government revenue through the imposed cut, aligning with his campaign goals [8]. - There is internal opposition in the U.S. against this decision, with hawks arguing that it poses a national security threat, yet a compromise was reached to allow H200 as a middle ground between full bans and unrestricted exports [12]. Group 4: Market Reactions and Future Outlook - The potential import of H200 could temporarily alleviate the shortage of high-end AI chips in China, providing domestic companies time to develop alternatives [13]. - For Nvidia, this could mean a significant revenue influx, potentially amounting to billions, while concerns remain about the legality of the government's cut from export licenses [13]. - Long-term, the trend towards self-sufficiency in China's chip industry is expected to continue, with this export decision viewed as a minor episode in the broader context of global semiconductor competition [14].