The U.S. tariff policy has sent shockwaves through the global semiconductor supply chain, with NVIDIA now requiring a license to export its H20 chips to China. This development could potentially affect the company's first-quarter earnings. During his recent visit to China, NVIDIA CEO Jen-Hsun Huang emphasized the significance of the Chinese market and pledged to optimize the product system in order to comply with regulatory requirements.

Amidst this scenario, the localization of China's semiconductor industry is gaining momentum. Companies such as Huawei and Cambricon are actively developing software ecosystems that are compatible with domestic chips, aiming to reduce dependence on foreign products like those from NVIDIA. Despite the challenges faced, domestic enterprises and customers are diligently testing various domestic chips, thereby fostering the growth of the domestic chip ecosystem.