Nvidia H200 China orders surge; reported TSMC capacity talks
TechNews reported that Chinese tech companies' demand for Nvidia chips remains strong despite a recent easing of some U.S. H200 sales restrictions, with unnamed sources saying Chinese firms have ordered more than 2 million H200 chips for 2026 against Nvidia inventory of about 700,000 units. The report said Nvidia is sounding out TSMC about expanding H200 capacity, and that an eight-chip H200 module costs about 1.5 million yuan, offers roughly six times the performance of H20 and is about 15% cheaper than gray-market alternatives. It also reported that ByteDance plans to raise its 2026 Nvidia chip budget to about 100 billion yuan, conditional on Chinese approval of H200 imports, while Tencent is reportedly issuing $5 billion in bonds and has a five-year, roughly $7 billion Oracle lease for about 100,000 high-end AI chips via Southeast Asian data centers; Trump has said he would allow H200 sales to approved Chinese customers with a 25% fee, but Beijing is still reviewing imports and requires new state-funded data centers to use domestic AI chips.
The report suggests Chinese AI firms remain heavily dependent on Nvidia's high-end compute even as Washington and Beijing pursue export controls and domestic-chip substitution.
儘管美國近期放寬了部分 H200 AI 晶片對中國客戶的銷售限制，中國科技業對 Nvidia（輝達）晶片的需求依然強勁。這顯示出在北京當局大力推動本土替代方案之際，市場對高階算力的依賴短期內仍難以消退。
根據相關報導指出，中國大型科技公司正大量採購原本並非為先進 AI 設計的產品，以滿足持續攀升的運算需求。外界更傳出，Nvidia 正與台積電接洽，希望擴大 H200 晶片的產能，以因應中國客戶龐大的訂單壓力。消息人士透露，中國科技企業已為 2026 年下單超過 200 萬顆 H200，而 Nvidia 目前庫存僅約 70 萬顆，供需缺口相當明顯。