Stock Markets February 4, 2026

Nvidia pauses on U.S. conditions for H200 sale to ByteDance

Agreement stalled over Know-Your-Customer terms as Washington seeks safeguards against military access

By Sofia Navarro NVDA AMD
Nvidia pauses on U.S. conditions for H200 sale to ByteDance
NVDA AMD

Nvidia has not accepted the U.S. government's current Know-Your-Customer (KYC) conditions tied to a proposed sale of its H200 chips to China’s ByteDance. While Washington indicated roughly two weeks ago that it would approve a license for the transaction and the president has signed off in principle, the company has yet to agree to the KYC requirements as drafted. U.S. officials say the measures aim to prevent access by China’s military, and similar chips from AMD are also expected to be permitted for sale pending resolution of national security concerns.

Key Points

  • Nvidia has not agreed to the U.S. government's Know-Your-Customer conditions for a proposed sale of H200 chips to ByteDance; this affects chipmakers and technology markets.
  • About two weeks ago the U.S. indicated it would approve a license for the purchase, but approval depends on firms meeting national security-related conditions.
  • U.S. officials say the KYC requirements are intended to prevent China's military from accessing advanced chips; similar AMD products are expected to be permitted once concerns are resolved.

Nvidia has not accepted the U.S. government conditions attached to a planned sale of its H200 artificial intelligence chips to ByteDance, the Chinese technology firm, sources indicate.

About two weeks ago the U.S. administration signaled it would approve a license allowing ByteDance to purchase Nvidia's H200 processors. That indication came with a set of Know-Your-Customer (KYC) requirements that are intended to limit the risk that China’s military could obtain the advanced chips. Nvidia, however, has not agreed to the KYC terms as they are presently written.

Officials expect that the U.S. will ultimately permit sales of Nvidia's H200 chips and comparable products from AMD to Chinese buyers, contingent on the resolution of outstanding national security concerns. The president has personally approved the prospective sales in principle, but that approval is subject to satisfying the safeguards demanded by U.S. authorities.

The KYC provisions are a central condition of any license and are described by U.S. officials as a mechanism to verify end users and prevent military access to high-performance AI accelerators. Nvidia's decision not to accept the current draft of those requirements has left the transaction unresolved despite the administration's indicated willingness to authorize the transfer.

The situation reflects a continuing negotiation between commercial interests and national security stipulations. Nvidia has not formally agreed to the measures as they stand, and the ultimate path to approval remains dependent on further discussion and potential revisions to the conditions.


Summary

Nvidia has not accepted the U.S. government's KYC conditions for a proposed sale of H200 chips to ByteDance. Although U.S. officials indicated roughly two weeks ago that a license would be approved and the president has given his personal assent pending security checks, the current KYC terms remain a sticking point. U.S. authorities say the requirements are intended to prevent China’s military from accessing the advanced processors. Similar chips from AMD are also expected to be allowed for sale once national security concerns are addressed.


Key points

  • Nvidia has not agreed to the U.S. government's KYC requirements tied to a proposed H200 sale to ByteDance - impacts chipmakers and technology markets.
  • Washington indicated about two weeks ago it would authorize a license for the purchase, subject to compliance with national security conditions.
  • U.S. officials view the KYC measures as necessary to prevent access by China’s military; comparable AMD chips are expected to be permitted pending resolution.

Risks and uncertainties

  • Uncertainty over acceptance of KYC terms - if Nvidia and regulators cannot agree on final language, the sale could be delayed or altered; this affects semiconductor vendors and customers in global technology supply chains.
  • Ongoing national security concerns - resolution of those concerns will determine whether sales proceed for Nvidia and AMD chips, creating regulatory risk for participants in AI hardware markets.
  • Potential changes to the conditions - because the license is tied to specific safeguards, any revisions could alter the scope or timing of permitted sales, affecting market access for Chinese buyers.

Tags

  • Semiconductors
  • China
  • AI
  • Regulation

Risks

  • Failure to agree on KYC terms could delay or change the sale - impacting semiconductor vendors and buyers in the technology sector.
  • National security considerations remain unresolved; their final resolution will determine whether Nvidia and AMD chips can be sold to Chinese customers.
  • Revisions to the conditions could reshape market access and timing for Chinese purchasers of advanced AI accelerators.

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