Core Viewpoint - The U.S. is set to allow NVIDIA to export H200 products to mainland China, contingent on a 25% sales revenue share to the U.S. government, indicating a shift in policy amidst previous concerns about maintaining U.S. AI leadership [6][12][15]. Group 1: Export Process and Implications - The announcement by Trump suggests a consensus has been reached regarding the H200 export, although the actual implementation timeline remains uncertain due to regulatory processes [8][9]. - The H200's performance is considered "relatively outdated," with the product expected to face competition from upcoming models like the B200 by the end of 2025 [11][12]. Group 2: Market Impact and Financials - The H200's approval for export could generate approximately $100 billion in revenue for the U.S. government annually, based on estimated quarterly revenues from mainland China [13]. - NVIDIA's potential revenue from the Chinese market could reach $17.1 billion in 2024, significantly benefiting from the H200's superior performance compared to the previously restricted H20 [14][15]. Group 3: Competitive Landscape - The H200 is expected to have a computational power 6-8 times greater than the H20, making it more appealing to Chinese customers who previously found the H20 lacking [15]. - The release of H200 is not seen as a direct threat to domestic chip manufacturers, as it primarily serves to enhance NVIDIA's market position rather than directly compete with local products [16].