Stock Markets February 4, 2026

Nvidia, U.S. Officials Still Working Through Conditions for H200 Shipments to China

Disagreements over practical licensing requirements, including KYC, have delayed acceptance of terms for sales to ByteDance despite presidential sign-off

By Caleb Monroe NVDA AMD
Nvidia, U.S. Officials Still Working Through Conditions for H200 Shipments to China
NVDA AMD

Nvidia continues to negotiate with U.S. authorities over licensing conditions required to export its H200 AI chips to Chinese firms. Although the Trump administration signaled roughly two weeks ago that it would approve a license allowing ByteDance to buy H200s, Nvidia has balked at some stipulated conditions, notably Know-Your-Customer (KYC) obligations intended to block access by China's military. Company representatives say the terms must be commercially workable for U.S. industry to participate; U.S. officials expect sales of H200s and comparable AMD chips to proceed once national security issues are resolved.

Key Points

  • Nvidia is negotiating license conditions with U.S. authorities to enable shipment of H200 AI chips to companies in China.
  • The Trump administration signaled about two weeks ago it would approve a license for ByteDance to purchase H200s, but Nvidia has not accepted certain U.S. conditions, including KYC requirements.
  • U.S. officials expect sales of H200 chips and similar AMD devices to proceed once national security concerns are addressed and commercially practical conditions are set.

Nvidia is in ongoing talks with U.S. officials about the precise license terms that would permit the company to ship its H200 artificial intelligence processors to buyers in China, according to reports published late Wednesday. While the Trump administration indicated about two weeks ago it would allow a license enabling China-based ByteDance to purchase H200 chips, Nvidia has not agreed to every condition the U.S. government has proposed.

A key point of contention centers on Know-Your-Customer (KYC) requirements that U.S. authorities have proposed. Those measures are intended to reduce the risk that Chinese military entities could obtain advanced AI chips. Nvidia has raised concerns about certain aspects of those conditions and has not yet accepted them as written.

Speaking in a statement cited by the reports, a Nvidia spokesperson framed the company as an intermediary between U.S. regulators and potential buyers that must comply with U.S. export restrictions. The spokesperson said: "We aren't able to accept or reject license conditions on our own. Although KYC is important, KYC is not the issue. For American industry to make any sales, the conditions need to be commercially practical, else the market will continue to move to foreign alternatives."

The matter is expected to move forward eventually. The U.S. is anticipated to permit Nvidia to sell H200s and similar processors made by AMD to Chinese customers, on the understanding that President Donald Trump has personally approved these sales and that outstanding national security concerns are resolved.


For companies that design and sell high-end AI accelerators, finalizing workable licensing terms is a gating issue - the conditions set by regulators will determine whether American suppliers can participate in a lucrative segment of the Chinese market or whether demand shifts toward non-U.S. rivals. The discussions around KYC and other controls will therefore shape commercial access and competitive dynamics for advanced AI hardware.

At this stage, Nvidia remains in negotiation with U.S. authorities and has not accepted the government's proposed licensing conditions for H200 exports to China.

Risks

  • If licensing conditions are not commercially practical, U.S. suppliers may be sidelined and demand could shift to foreign alternatives - affecting the semiconductor and AI hardware sectors.
  • Unresolved KYC and other national security requirements create uncertainty for transactions involving Chinese companies and could delay chip sales - impacting suppliers, cloud customers, and AI service providers.

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