Stock Markets April 22, 2026 11:37 AM

U.S. Commerce Secretary: Nvidia’s H200 Chips Have Not Been Sold to Chinese Firms Yet

Howard Lutnick cites Beijing’s limits on outbound investment as shipments remain held up by unresolved sale terms

By Derek Hwang NVDA
U.S. Commerce Secretary: Nvidia’s H200 Chips Have Not Been Sold to Chinese Firms Yet
NVDA

U.S. Commerce Secretary Howard Lutnick said on April 22 that Nvidia’s H200 artificial intelligence chips have not been sold to Chinese companies. Lutnick attributed the lack of sales to the Chinese central government restricting purchases to prioritize domestic industry. The Trump administration had approved conditional sales in January, but sources say shipments have been stalled by disagreement over terms in both China and the United States. Lutnick also commented on the affiliates rule, noting it was part of broader trade negotiations with China and had been delayed.

Key Points

  • Commerce Secretary Howard Lutnick said Nvidia’s H200 AI chips have not been sold to Chinese companies because Beijing has not authorized purchases.
  • The U.S. gave conditional approval in January for China-bound H200 sales, but shipments are delayed amid disagreements over sales terms in both China and the U.S.
  • Discussions about reinstating the affiliates rule remain tied to the broader trade agreement with China; the rule was delayed for a year in November as part of negotiations.

WASHINGTON, April 22 - U.S. Commerce Secretary Howard Lutnick told reporters on Wednesday that Nvidia’s high-performance H200 AI processors have not yet been sold to Chinese companies, pointing to actions by Beijing that have prevented purchases.

Asked about H200 sales to China, Lutnick said, "The Chinese central government has not let them, as of yet, buy the chips, because they’re trying to keep their investment focused on their own domestic industry." He added plainly, "We have not sold them chips as of yet."

The U.S. executive branch had in January given a formal approval for the sale of Nvidia’s H200 chips destined for China, subject to specified conditions. That decision provoked concern among some U.S. policymakers who worry that advanced AI hardware could be applied to strengthen Beijing’s military capabilities.

Despite the January approval, shipments of the H200 units have been delayed. Sources have said the holdup stems from unresolved disagreements over the terms of the sales on both sides of the Pacific - in China and in the United States - leaving deliveries in abeyance.

Lutnick was also asked about the potential reinstatement of a regulation known as the affiliates rule, which would restrict shipments of advanced U.S. technology to thousands of Chinese companies. The regulation had been deferred for one year in November as part of a trade negotiation with China.

On that point, Lutnick commented, "I agree that the affiliates rule is a smart thing for the United States of America to consider, but it is part of the balance of that full trade agreement." His remark tied the regulatory question to the broader framework of ongoing trade discussions between the two countries.


Context limitations: Public comments reported here reflect statements by the Commerce Secretary and referenced reporting that shipments were delayed due to disagreements over sale terms. No additional details on timing of potential shipments, the specific conditions attached to the January approval, or the identities of affected Chinese firms were provided in these remarks.

Risks

  • Uncertainty over whether and when shipments of H200 chips will occur, affecting semiconductors and technology firms dependent on export clarity.
  • Potential regulatory shifts such as reinstating the affiliates rule could constrain sales of advanced U.S. technology to Chinese companies, impacting the semiconductor and defense supply chains.
  • Ongoing trade negotiations introduce unpredictability into cross-border technology transfers and corporate planning for companies in the AI hardware and cloud infrastructure sectors.

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