"虽然美国政府已批准少量H200产品可对华出口，但我们尚未产生任何相关营收，也不知道是否会被允 许进口到中国，"首席财务官Colette Kress在参加财报电话会议时对投资者表示。编辑/陈佳靖 该公司表示，美国政府已批准其H200芯片的出口许可，但需在美国接受检查，并被征收25%的关税。 不过，如此数量有限的回归是否会被中国方面允许仍不明朗。英伟达2月25日表示，其第一季度销售指 引中未计入任何来自中国数据中心的营收。 英伟达表示已获得向中国客户少量出口H200芯片的许可，向重返这一全球最大的半导体市场迈出一小 步。 ...

1月23日消息，多位知情人士透露，黄仁勋再度来华，首站到访了英伟达位于上海的新办公室，与员工见面并回答了诸多员工关注的问题， 同时回顾公司2025年主要事件。 "好几个问题质量不高，主要聚焦在2026年重点芯片相关的话题，"一位知情人士说，"(H200)这个还真没人问"。 据了解，黄仁勋此次来华行程与2025年初基本一致，主要参加上海、北京和深圳分公司的新年晚会以及供应商答谢会。 中国大陆作为英伟达最重要的市场之一，黄仁勋每年春节都会例行拜访。刚刚过去的2025年，黄仁勋更是三度拜访，以解决特供中国市场的H20产品的销 售问题，其中7月份来华参加链博会，身着唐装以中文开场进行演讲引发广泛关注。 关于黄仁勋此次来华，业内称其也有为H200对中国大陆出口铺路的目的。 此前，美国商务部已经对H200出口中国发放了特别许可，同时还推动了相关出口管制条款的调整，进而从法规层面为这款芯片的销售"解禁"。 根据腾讯科技、IT之家、CNMO等多家科技媒体1月23日最新报道，英伟达CEO黄仁勋开启2026年首次中国大陆之行，行程公开信息清晰明确，整体低调 务实，延续春节前访华惯例。 一、核心行程总览 1. 首站：上海 1月23 ...

特朗普当天在底特律回答记者有关美国是否建议盟友撤离伊朗时说："他们应该撤离。这是个好主 意。" 美国国务院12日发布"安全警告"，要求美国公民"在确保安全的前提下，考虑通过陆路经亚美尼亚或 土耳其离开伊朗"。 更多最新消息： 美国政府批准向中国出口英伟达H200芯片；特朗普称取消与伊朗官员所有会面；今年起单位给员工 提供餐饮住宿等有偿服务要交税丨早报 据CCTV国际时讯，美国总统特朗普1月13日在其社交媒体"真实社交"发文称，他已经"取消了与伊 朗官员的所有会面"。 据《纽约时报》援引美军官员的话报道称，美军在中东地区的指挥官希望"在发起任何潜在打击前， 预留更多时间来巩固美军阵地，为伊朗可能发动的报复性袭击做好准备"。 据新华社，美国总统特朗普13日建议美国的盟友"撤离"伊朗。 ...

Core Viewpoint - Nvidia reports strong demand for its H200 chips from Chinese customers, with the Trump administration considering allowing the company to export these chips to China [1] Group 1: Demand and Supply - Nvidia's CFO Colette Kress stated during a meeting with analysts at CES that the company has submitted a license application, and the government is currently deciding on the matter [1] - CEO Jensen Huang described the demand for the H200 chips as strong [1] - Kress assured that regardless of the license approval level, Nvidia has sufficient supply to meet the demand from Chinese customers without affecting shipments to other global clients [1] Group 2: Regulatory Considerations - Nvidia requires approval from the Chinese government for local companies to purchase and use its American products [1]

目前，英伟达暂未就置评请求作出回应。 特朗普本月初曾表示，他已批准英伟达向中国销售性能低于Blackwell系列的H200 GPU，并抽取25%的 销售分成。 另有消息称，特朗普政府近日已启动相关审查程序，为该款芯片对华出口铺路。负责出口管制的美国商 务部已将芯片销售许可申请提交至美国国务院、能源部及国防部审议，上述部门需在30天内反馈评估意 见。 智通财经APP获悉，据报道，若顺利获得政府批准，英伟达(NVDA.US)计划于明年2月中旬起向中国市 场交付其H200系列GPU。 受此消息提振，英伟达股价在周一盘前上涨近2%。 据三位知情人士透露，这批GPU有望在农历新年前完成首批出货。其中两位消息人士表示，首批订单将 主要依托现有库存，出货规模预计为5000—10000块模组，对应约40000—80000颗H200芯片。 知情人士指出，在取得政府审批后，英伟达将进一步扩充产能，相关产能订单将于2026年第二季度开始 接受。 ...

来源：环球市场播报 美股周一盘前，英伟达（NVDA）上涨1.8%。据媒体报道称，这家芯片制造商正寻求在二月中旬前开始 出口H200芯片。 该报道援引知情人士的话称，预计发货量将在5000至10000个芯片模组之间，约合40000至80000颗H200 芯片。 不过，报道也指出，由于对方尚未批准任何芯片采购，时间表可能会因政府的决定而发生变化。 美国总统特朗普本月早些时候表示，如果美国能获得25%的销售额分成，英伟达将被允许开始向特定国 家的"获批准客户"发货这些芯片。 ...

Group 1 - Nvidia has received approval from Trump to export H200 chips to China, with a 25% additional fee imposed; the chips will only be supplied to "approved customers" [1] - The H200 chip, set to be mass-produced in the first half of 2024, utilizes advanced 4nm technology and offers significant performance improvements over its predecessor, H20, with a compute power ratio of 13:1 [1] - The H200 features HBM3E memory (141GB), surpassing the HBM3 (96GB) used in H20, although it is still inferior to the upcoming B200 series [1] Group 2 - The market reaction has been lackluster, with only optical modules showing interest; other sectors are experiencing a significant downturn [2] - There is a general sentiment in the market that is overly cautious, leading to minimal attention on stocks outside of optical modules [2]

Core Insights - AMD Semiconductor has experienced a notable stock increase, rising by 5.41% on August 13, reaching its highest point since July 2024, attracting investor attention [1] - AMD Semiconductor and NVIDIA have reached an agreement with the U.S. government to allow the export of specific chips to the Chinese market, agreeing to pay 15% of their sales revenue in China for the export license, which secures future chip sales in China, particularly for the critical MI308 chip [1] - The company announced a Financial Analyst Day scheduled for November 11, 2025, in New York City, aimed at showcasing its strategic planning and product roadmap, reflecting confidence in future growth and a desire to attract investors [1] - Analysis indicates that AMD Semiconductor is actively seeking government support and planning future market strategies to enhance its competitiveness in the global chip market, which strengthens its international market position and supports ongoing stock price increases [1]

Group 1 - The semiconductor stocks experienced a significant decline, with an average drop of nearly 6%, with some stocks falling over 4% and others close to 2% [1] - Notable declines included Huahong Semiconductor down 5.86% with a market cap of 71.635 billion, and China Electric Power Technology down 4.42% with a market cap of 3.512 billion [2] - The overall market sentiment appears negative for semiconductor stocks, reflecting broader industry challenges [1] Group 2 - SMIC reported a net profit of $132 million for Q2, a year-on-year decrease of 19.5% and a quarter-on-quarter decrease of 29.5% [3] - SMIC's revenue guidance for Q3 indicates a potential growth of 5% to 7%, with a gross margin forecast of 18% to 20% [3] - Huahong Semiconductor reported Q2 sales revenue of $566 million, a year-on-year increase of 18.3%, and a net profit attributable to shareholders of $7.952 million, up 19.2% year-on-year and 112.1% quarter-on-quarter [3] Group 3 - Following a meeting between NVIDIA CEO Jensen Huang and President Trump, the U.S. Department of Commerce began issuing export licenses for NVIDIA's H20 chips to mainland China [2] - The Industrial Security Bureau under the Department of Commerce has granted NVIDIA the export license for the H20 chips [2]