Nvidia H200 Export Approval To China Prompts Beijing’s Emergency Meetings With Alibaba, ByteDance, Tencent: Report

• The U.S. recently allowed exports of Nvidia’s H200 chips to China, reportedly affecting Beijing’s self-sufficiency plans.
• The report said Chinese officials asked the big tech firms to report demand and will decide after reviewing the responses.
• Major companies involved include Alibaba, ByteDance, and Tencent.

China reportedly called the country’s largest tech companies, such as Alibaba (BABA), ByteDance (BYTEDANCE), and Tencent (TCEHY), to the table to discuss whether they should be allowed to buy Nvidia’s (NVDA) advanced H200 chips. 

According to a report by The Information, President Donald Trump’s announcement on Monday to approve exports of these high-performance chips to China has complicated Beijing’s plan to become self-sufficient.

Nvidia’s stock edged 0.8% higher in pre-market trade, amid weakness in the broader market ahead of the Federal Reserve’s rate cut decision later today. Retail sentiment on Stocktwits around the AI bellwether trended in ‘bearish’ territory over the past day. 

BABA’s stock was also in the green, edging 0.5% higher in pre-market trade. On Stocktwits, retail sentiment around the Chinese tech giant trended in ‘bearish’ territory over the past day. The iShares MSCI China ETF (MCHI) gained 0.3%, with retail sentiment improving to ‘neutral’ from ‘bearish’ territory over the past day, accompanied by ‘high’ levels of chatter.

Gauging Demand For Nvidia H200 Chips

The report said government officials asked these companies to report their demand for the H200 chips. It added that once the officials collect these responses, they will decide whether the companies can purchase the chips.

The move comes after Trump announced Monday that H200 exports would be permitted, subject to a 25% sales fee. The H200, described as the “second-best” Nvidia chip allowed for shipment, remains the most advanced GPU available under U.S. rules, while Blackwell-class B300 parts continue to be restricted.

This was followed by a Financial Times report stating that Beijing intends to restrict access to H200 chips even after the U.S. greenlight, signaling efforts to discourage Chinese companies from relying on U.S. high-end GPUs.

The chips are also expected to undergo security screening measures before being exported to China. 

Read also: Bitcoin Volatility May Be ‘Mispriced’ On Prediction Markets Ahead Of Fed Rate Decision, Says Analyst

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