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After an extended delay in selling into the world’s second-largest economy, chipmaker Nvidia<\/a> is gearing up to provide some customers in China with its H200 processors, CEO Jensen Huang said on Tuesday.<\/p>\n “We have received purchase orders, and we’re in the process of restarting our manufacturing,” Huang told reporters at the company’s GTC conference in San Jose, California. “That’s new news for all of you, and it’s different than it was two weeks ago or three weeks ago, but that’s our condition today … and our supply chain is getting fired up.”<\/p>\n Huang told CNBC that the company now has clearance from both sides. <\/p>\n China once accounted for\u00a0at least one-fifth of\u00a0<\/a>Nvidia’s data center revenue, but the company has been shut out of the country since being told by the Trump administration in April that it would require a license to export chips there and to a handful of other countries. The company said it would take a $5.5 billion charge due to the export restriction. <\/p>\n Prior export controls forced Nvidia to develop a lower-capability chip for the Chinese markets called the H20. After President Donald Trump<\/a> initially halted those sales, he changed course in December and allowed Nvidia to ship the more advanced H200 chip to China,\u00a0provided the U.S. got a 25% cut<\/a>\u00a0of sales.<\/p>\n But as of last month, there had still been virtually no movement on that front. <\/p>\n Following the company’s quarterly earnings report on Feb. 25, Chief Financial Officer Colette Kress told analysts that a “small number of H200 products” had been approved for sale to China by the U.S. government, but “we have yet to generate any revenue.”<\/p>\n The delay was tied to reports of security scrutiny<\/a>\u00a0in both countries, despite Huang’s lobbying in Washington and a\u00a0trip to China earlier this year<\/a>.<\/p>\n Even without sales into China, Nvidia reported revenue growth of 73% in the latest quarter<\/a>, marking an 11th straight period of growth in excess of 55%. <\/p>\n For the current quarter, Nvidia forecast growth of about 77%, and said it was assuming no data center revenue from China in its guidance. <\/p>\n U.S. license requirements remain burdensome, with caps on shipments, mandatory third-party testing and the cut of sales that goes to the government.<\/p>\n WATCH: Nvidia sets $1 trillion revenue goal in 2027 for Blackwell and Vera Rubin<\/a><\/p>\n
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