Roughly 600,000 Nvidia H200 chips for artificial intelligence applications are sitting in Hong Kong without clearance to enter mainland China. Chinese authorities have reportedly suspended customs clearance for large-scale imports, even as local technology companies seek the components to develop large language models and other AI systems. Washington now reviews export requests case by case but caps shipments to China at 50% of equivalent volumes sent to American customers. The trade blockage may encourage Chinese companies to adopt domestic alternatives while delaying potential Nvidia revenue from the stockpile.
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