On December 8, 2025 (local time), U.S. President Trump declared that the United States would authorize NVIDIA to export its H200 artificial intelligence chips to China, as well as to other pre-approved clients, on the condition of “safeguarding national security.” Nevertheless, the U.S. government would take a 25% share of the sales proceeds, and the sales would be strictly restricted to “pre-approved clients only.”

In the context of the American market, after-hours trading is a common practice where trading occurs outside the regular trading hours of the stock exchange. After this announcement, NVIDIA's stock price jumped nearly 2% during after-hours trading. In response, China swiftly organized an emergency meeting, inviting key domestic tech firms to evaluate their interest in purchasing the H200 chips. The gathering was spearheaded by the National Development and Reform Commission and the Ministry of Industry and Information Technology. Representatives from ByteDance, Alibaba, and Tencent—three titans in the AI sector—were present at the meeting.

At present, domestic regulatory bodies are deliberating whether to grant companies the green light to procure the H200 chips. They also intend to establish potential procurement limits, mandating relevant enterprises to submit demand forecast reports. Following the submission and review of these reports, official guidelines will be released accordingly.