600 thousand Nvidia H200 accelerators are stuck in Hong Kong - China does not want to bring in competitors' chips.
There are about 600,000 Nvidia H200 accelerators stuck in Hong Kong, waiting to be shipped to mainland China. Beijing is restricting their imports in an attempt to reduce dependence on American technology, although Chinese companies are still far behind Nvidia in training AI models. The major internet companies were allowed to import about 10 thousand chips individually, and the total limit was set at 200 thousand. Due to the shortage, the price of a server with eight H200s on the gray market rose to 6 million yuan, and companies began to order the weaker RTX Pro 5,500 en masse, amounting to more than 35 billion dollars.