US official says H200 chip shipments to China have begun; Reuters names ZTE among licensed buyers

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A senior U.S. official told a U.S. House committee Tuesday that Nvidia ( NVDA ) has begun shipping H200 chips to China and Hong Kong, though the volume so far remains small. Separately, Reuters reported Tuesday that a ZTE Corp. (

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A senior U.S. official has officially confirmed that NVDA's H200 chips have begun shipping to China and Hong Kong. Although initial volumes are small, reports that certain companies like ZTE have obtained licenses are fueling expectations of regulatory easing. Investors should closely monitor whether this move signifies a shift in the stance of future semiconductor export control policies toward China.

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The commencement of H200 shipments marks a subtle shift in the U.S. approach to high-performance AI chip exports. By allowing specific entities to secure licenses, the U.S. may be attempting to balance national security concerns with the commercial interests of domestic tech giants. However, the limited scale suggests that full-scale normalization remains unlikely in the near term.

Market participants must distinguish between targeted license approvals and a broad relaxation of the CHIPS Act restrictions. Continued oversight of export volumes and end-user compliance will be critical factors in assessing the long-term impact on global semiconductor supply chains.

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