Overview
- At Nvidia’s GTC event, CEO Jensen Huang said the company has licenses for many customers in China, has received purchase orders, and is restarting H200 manufacturing and its supply chain to fulfill demand.
- Yahoo Finance reports Nvidia generated an estimated $12 billion to $15 billion from China in 2024, with the company previously sizing the opportunity at roughly $50 billion.
- Reuters reporting cited by Yahoo Finance says Nvidia is developing a version of its newly acquired Groq inference chip for sale to Chinese customers.
- The U.S. Attorney’s Office for the Southern District of New York indicted Yih-Shyan “Wally” Liaw, Ruei-Tsan “Steven” Chang, and Ting-Wei “Willy” Sun for allegedly diverting billions of dollars in AI servers to China in violation of the Export Control Reform Act.
- The indictment says servers containing Nvidia chips are subject to strict export controls that bar sales to China without a license, and recent statements note H200 shipments may proceed under U.S. conditions set to protect national security.