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Nvidia's Tale of Two Extremes: Licenses Circulating Idlely and a Vacuum in China, While the Global Infrastructure Boom Swallows Everything
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A license issued by Washington grants ten Chinese companies the right to purchase a total of approximately 750,000 H200 chips—however, Nvidia's CFO admitted in an earnings call that, to date, this license has not generated a single dollar of revenue. "We don't know if any imports will actually enter China." This statement renders the "easing" of the US ban meaningless. Meanwhile, in the same market, subsidies from Chinese cities are rapidly flow…
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