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Article: Nvidia reports record earnings quarter as China’s H200 sales freeze persists

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Nvidia reported record quarterly revenue driven by surging global demand for its data center processors. However, the company has generated no revenue from its powerful H200 chips in China and faces uncertainty over future sales due to U.S. export controls.

Nvidia's CFO stated that despite some H200 units being cleared for export, no sales to China have been finalized. The company also highlighted increasing competition from domestic Chinese chipmakers who are advancing through IPOs.

The main topics covered are Nvidia's record earnings, the stalled H200 sales in China due to U.S. restrictions, and the growing competitive threat from local Chinese semiconductor firms.

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https://www.scmp.com/tech/article/3344663/china-freeze-h200-chip-sales-clouds-nvidias-record-earnings?utm_source=rss_feed

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Tech - South China Morning Post

Published Date

2026-02-26 02:00

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2026-03-04 14:30

Processed Date

2026-03-04 15:22

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Nvidia reports record earnings quarter as China’s H200 sales freeze persists
Nvidia warns China market for powerful GPU remains uncertain, even as data centre revenue surges to new highs
Nvidia has yet to generate any revenue from its H200 chips in China and does not know if any sales will be allowed in the country, the company said, as the US chip giant reported record quarterly revenue on surging demand for data centre processors.
While the Santa Clara-based tech giant remains the primary beneficiary of the global generative artificial intelligence boom, its ability to navigate the US-China tech war has become a challenge, with the pipeline for the H200 – Nvidia’s second-most powerful graphics processing unit to date – still dry in China.
No revenue had been booked from H200 chips and imports by China remained uncertain, despite small amounts being cleared by Washington for China-based customers, said Colette Kress, Nvidia’s executive vice-president and chief financial officer, during a post-earnings call on Thursday.
The remarks echoed those of US Commerce Department official David Peters, who said on Tuesday that Nvidia had yet to sell any H200 units in China.
Kress also flagged rising competition in China, where domestic chipmakers have rushed to initial public offerings (IPOs) in recent months to meet soaring demand and position themselves as alternatives to Nvidia.