Financial Times · Hong Kong · Alibaba · Nvidia · China · Donald Trump · Tom's Hardware
First Nvidia H200 shipments reach China, ByteDance and Tencent take deliveries as Beijing loosens its import block
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ByteDance and Tencent have each taken delivery of roughly 10,000 Nvidia H200 accelerators in recent weeks, the Financial Times has reported, citing two people with knowledge of the matter, a development that would mark the first meaningful movement of the chips into mainland China since President Trump approved their export last December.
Key facts
- Hong Kong's entire installed base runs to 47 data centers totaling about 581 MW, per Hong Kong Free Press, and the city's average PUE of 1.62 pushes actual grid draw well above the IT figure
- At that rate, a single company's 100,000-unit allowance works out to about 12,500 servers and 125 MW of IT load, and Nvidia's reported 500,000-unit stockpile translates to roughly 625 MW
- However, Beijing never let orders flow: every purchase requires case-by-case approval from the National Development and Reform Commission, and the resulting blockade left Jensen Huang telling
- The Northern Metropolis data center cluster meant to fix the shortfall, awarded to Range Intelligent Computing in March, isn't slated to come online until 2029
Summary
While the U.S. flip-flops on chip sanctions, China is building its own chip supply market. China's CXMT targets 30% DRAM memory market share by 2030 with sixth mega-fab. Beijing wants most of each company's U.S.-licensed allowance, which the FT puts at up to 100,000 units apiece, kept off the mainland, with regulators directing buyers toward Hong Kong instead. However, Beijing never let orders flow: every purchase requires case-by-case approval from the National Development and Reform Commission, and the resulting blockade left Jensen Huang telling investors that Nvidia's China market share had fallen from 95% to zero.