The US quietly approved around 10 major Chinese companies to buy Nvidia’s second-powerful H200 artificial intelligence (AI) chips but not a single chip has actually been delivered yet. The deal is stuck because Beijing’s reluctance to let its companies buy American technology. This comes at a time when Nvidia's CEO Jensen Huang, who was not originally part of the US delegation heading to Beijing, is with President
Donald Trump to meet Chinese President Xi Jinping. The surprise move raised hopes that Huang's presence could help break the deadlock and finally get the chip sales moving.
Which Chinese companies got green light to buy H200 chips
Citing three people familiar with the matter, a report by news agency Reuters claimed that the US Commerce Department has approved the following companies to purchase H200 chips:
- Alibaba
- Tencent
- ByteDance
- JD.com
- Lenovo
- Foxconn
Lenovo officially confirmed its approval to Reuters, stating it is “one of several companies approved to sell H200 in China as part of Nvidia's export license.” Under the terms of the US licence, each approved buyer can purchase up to 75,000 chips, either directly from Nvidia or through the approved distributors.
Why haven't the chips been shipped
Despite the green light from Washington, the sales have gone nowhere because Beijing appears to be blocking the deals. Sources say Chinese firms have pulled back after receiving guidance from the Chinese government.
US Commerce Secretary Howard Lutnick backed this up last month, telling a Senate hearing that “the Chinese central government has not let them, as of yet, buy the chips, because they're trying to keep their investment focused on their own domestic industry.”
China doesn't want its biggest tech companies spending billions on American chips when it's trying to build its own.
China is betting on its own chips
Beijing’s strategy is becoming clearer. Rather than depending on Nvidia, China is pushing its tech industry to use homegrown chips, particularly those made by Huawei. AI companies like DeepSeek have already made a point of highlighting their use of domestic chips.
Speaking to Chinese state broadcaster CCTV, Huang expressed hope that Trump and Xi's “good relationship” would help improve ties between the two countries.