China gives green light to importing first batch of Nvidia’s H200 AI chips, sources say: Reuters

China gives green light to importing first batch of Nvidia’s H200 AI chips, sources say: Reuters


Jensen Huang, chief executive officer of Nvidia Corp., speaks during the 2026 CES event in Las Vegas, Nevada, US, on Tuesday, Jan. 6, 2026. Siemens and Nvidia announced an expansion of their strategic partnership to develop industrial and physical AI solutions to bring AI-driven innovation to industrial workflow. Photographer: Bridget Bennett/Bloomberg via Getty Images

Bloomberg | Bloomberg | Getty Images

China has approved its first batch of Nvidia’s H200 artificial intelligence chips for import, two people familiar with the matter told Reuters, marking a shift in position as China seeks to balance its AI needs against spurring domestic development.

The approval covers several hundred thousand H200 chips and was granted during Nvidia Chief Executive Jensen Huang’s visit to China this week, the sources said, requesting anonymity due to the sensitivity of the matter.

The first batch of approvals has been allocated primarily to three major Chinese internet companies, with other enterprises now joining a queue for subsequent approvals, one of the sources said.

They declined to name the companies that received the initial clearances.

China’s industry and commerce ministries as well as Nvidia had not yet responded to requests for comment at the time of publication.



Source

L’Oreal stock pops 8% after ‘impressive’ earnings
World

L’Oreal stock pops 8% after ‘impressive’ earnings

Shares of the world’s largest cosmetics company L’Oreal popped as much as 10% after it reported strong growth ahead of expectations after the bell on Wednesday. Organic sales growth in the first quarter was 7.6%, compared to expectations of around 3%, according to analysts. Underlying growth was “very impressive,” said Barclays analysts. “Cosmetics markets growth of […]

Read More
Microsoft expands AI footprint in Australia with  billion investment
World

Microsoft expands AI footprint in Australia with $18 billion investment

SYDNEY, AUSTRALIA – APRIL 23: Chairman and CEO of Microsoft Satya Nadella speaks on stage during the Microsoft AI Tour at TikTok Entertainment Centre on April 23, 2026 in Sydney, Australia. Nadella, making his first visit to Australia since 2019, addressed business leaders, developers, and government representatives at the Microsoft AI Tour in Sydney on […]

Read More
Justin Trudeau tells CNBC that international organizations may no longer be fit for purpose. Watch live
World

Justin Trudeau tells CNBC that international organizations may no longer be fit for purpose. Watch live

Canada’s former Prime Minister Justin Trudeau said at CNBC’s CONVERGE LIVE in Singapore Thursday that international financial institutions were “spectacularly ill-adjusted” to respond to modern day issues. “You can look to different places around the world to realize that those institutions, whether it was the WTO or the IMF or what have you, aren’t necessarily […]

Read More