China to Approve Nvidia H200 Buying as Soon as This Quarter
Speakers
Debby Wu
— Tech Editor, Bloomberg
Summary
Bloomberg's Debby Wu says China plans to approve some Nvidia H200 chip imports for select commercial use as soon as the current quarter, while excluding military, sensitive government agencies, critical infrastructure and state-owned enterprises. The approval would be case-by-case and could support Nvidia's growth outlook given China's large semiconductor market. Wu also says strong Samsung initial results, memory price hikes, and sold-out 2026 offerings from SK Hynix and Micron point to resilient memory demand.
- China may approve limited Nvidia H200 imports for private-sector commercial use as soon as Q1.
- H200 use would remain barred in military, sensitive government, critical infrastructure and state-owned enterprises.
- Approvals would be reviewed case by case after initial Beijing approval.
- Renewed China access could support expectations for Nvidia's growth trajectory.
- Samsung's strong initial results were driven by higher memory chip pricing.
- SK Hynix and Micron reportedly sold out most or all 2026 offerings.
- Overall memory chip demand remains strong, supporting the memory upcycle.
Ideas
China H200 access supports Nvidia growth
China plans to approve some purchases of Nvidia's H200 chips as soon as the current quarter for select commercial use by private-sector companies, while barring military, sensitive government agencies, critical infrastructure and state-owned enterprises. Approvals will be case-by-case, but renewed access to China, the world's largest semiconductor market, could support expectations that Nvidia's growth trajectory can be sustained.
Memory demand strong; 2026 offerings sold out
Samsung's strong initial results, helped by a big hike in memory chip pricing, and indications from SK Hynix and Micron that they have sold out most or all of their offerings for 2026 reinforce the memory upcycle. Overall memory demand remains strong.
