According to the new report, Beijing halted the approved Nvidia H200 purchases after objecting to a U.S. transit requirement and a 25% fee, leaving all planned shipments on hold.
The United States approved Nvidia H200 chip sales to about 10 Chinese companies, with each company cleared to buy up to 75,000 chips. Approved buyers included Alibaba, Tencent, ByteDance and JD.com. However, no shipments were completed because China halted the purchases after Beijing rejected a U.S. requirement that the chips transit through the United States and objected to a 25% fee tied to the arrangement. The new report materially changes the earlier picture by indicating that the approved deals did not proceed after the Chinese side stopped the purchases.