Nvidia (NVDA) on Wednesday said that although the U.S. government has approved limited shipments of its H200 chips to China-based customers, the company has not yet generated any related revenue.
The leading maker of artificial intelligence accelerators said that the U.S. government granted it a license for H200 shipments, subject to inspection in the US and a 25% duty, Bloomberg News reported. But it’s still unclear whether Beijing will allow even that limited return, and Nvidia said Wednesday that it wasn’t including any China data center revenue in its first-quarter sales outlook.
“We do not know whether any imports will be allowed into China. Our competitors in China, bolstered by recent IPOs, are making progress and have the potential to disrupt the structure of the global AI industry over the long term. To sustain its leadership position in AI compute, America must engage every developer and be the platform for choice for every commercial business, including those in China,” CFO Colette Kress said on the earnings call.