Nvidia's H20 AI Chips Flood Back into China, Spurring a Rush of Orders

Reuters reports that Chinese firms are scrambling to order Nvidia's H20 AI chips as the company prepares to resume sales to mainland China. Nvidia expects imminent US government licenses to restart shipments of the restricted processors, just days after CEO Jensen Huang met with President Trump, potentially adding $15 billion to $20 billion in revenue this year. This surge follows the 2022 launch of ChatGPT, highlighting the link between Nvidia's financial success and the demand for specialized hardware to efficiently power AI models. While the H20 chips are Nvidia's most powerful legally available in China, they are less potent than versions sold elsewhere due to 2022 export restrictions; Nvidia remains banned from selling its most powerful GPUs in China.