Nvidia ships first H200 chips to China, but expects no data-centre revenue from them

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August 28, 2026, 8:19 AM

• •Nvidia shipped H200 chips to China in the quarter ending 26 July under a new US licensing scheme.
• •Those China shipments accounted for less than 1% of Nvidia’s $89 billion quarterly data centre revenue.
• •Nvidia forecast $108 billion for the current quarter and assumed no data centre computing revenue from China.
• •The European Commission opened bidding for up to seven AI gigafactories with a planned €30 billion split between roughly €10 billion public and €20 billion private funding.
• •Only about €1 billion of the public funding had been firmly committed, according to the article.
• •Each planned gigafactory site is intended to house at least 100,000 advanced chips purchased on the open market.

Nvidia said its first H200 processor shipments to China occurred under a new US licensing scheme and contributed less than 1% of its $89 billion quarterly data centre revenue. The company’s $108 billion forecast for the current quarter assumes no data centre computing revenue from China at all. The article argues this shows Nvidia’s leverage, since it can exclude China from guidance and still project strong growth. It contrasts that position with the European Commission’s plan for up to seven AI gigafactories, most of whose proposed public funding has not yet been committed.

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