Nvidia's China demand for H200 chips draws attention at CES

Nvidia CEO Jensen Huang said there is reported as "very high" demand in China for H200 AI chips, production has restarted, and final export-license details are being worked out with the U.S. government; AMD CEO Lisa Su said AI has not slowed hiring at her company.

Nvidia's CEO discussed demand for the company's H200 artificial intelligence chips while speaking at CES in Las Vegas. He reported that demand in China is "very high" and said production of the H200 has restarted. Huang said final details on export licenses are being ironed out with the U.S. government, which has signalled it would approve them. He noted that any H200 sales would be on top of Nvidia's previously shared $500 billion two-year forecast. Key points: - Jensen Huang said there is "very high" demand in China for Nvidia's H200 AI chips. - Nvidia has restarted production of the H200 and is finalizing export-license details with the U.S. government, which has signalled it would approve them. - Huang said potential H200 sales would be in addition to Nvidia's $500 billion two-year forecast. - Huang has previously estimated the Chinese market could be worth $50 billion per year. - AMD CEO Lisa Su told CNBC at CES that AI has not slowed hiring at AMD and that the company is prioritizing candidates who embrace the technology. Summary: Nvidia's statements point to possible additional sales in China if export approvals are completed, and the company has resumed H200 production to meet that demand. Undetermined at this time what volumes will be approved or when sales would begin.