On July 16, 2025, in Peking, China, Jensen Huang, the CEO of Nvidia, engaged with journalists during his visit. He delivered a keynote address at the launch of a supply chain trade fair and held discussions with local politicians.
In a congressional hearing on Tuesday, a senior U.S. trade official revealed that "very few" of Nvidia's H200 artificial intelligence chips have been dispatched to both China and Hong Kong. Jeffery Kessler, the Under Secretary of Commerce for Industry and Security, stated, "The bottom line is very few shipments against licenses for H200s and equivalents have taken place. It's a very small quantity of chips."
This statement could indicate a potential reawakening of H200 shipments to China, which may lead to a surge in Nvidia's sales. The company has traditionally left out any anticipated revenue from Chinese AI chip sales in its forecasts. Back in May, Huang told investors on CNBC to "expect nothing" regarding sales in China.
An Nvidia spokesperson chose not to provide any comments on the matter.
Nvidia's attempts to supply its AI chips to China, a significant hub for AI advancement, have been complicated by the ongoing trade and technology tensions between Washington and Beijing. Currently, a majority of the company's products are subject to export limitations to China.
