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U.S. chipmaker Nvidia announced Wednesday that it had received approval from U.S. authorities to export a limited number of its H200 artificial intelligence chips to customers in China, but added that it has not yet generated revenue from those shipments and remains uncertain about future market access.
The California-based firm said that the license permits shipments under strict conditions, including U.S. inspections and a 25% duty.
Despite the clearance, Nvidia did not include any data center revenue from China in its guidance for the current quarter, citing ongoing regulatory uncertainty.
During a post-earnings call, Chief Financial Officer Colette Kress said, "While small amounts of H200 products for China-based customers were approved by the U.S. government, we have yet to generate any revenue, and we do not know whether any imports will be allowed into China."
The development follows years of U.S. export restrictions targeting advanced semiconductor sales to China over national security concerns. Washington had previously blocked Nvidia’s most advanced chips to prevent sensitive artificial intelligence technologies from strengthening China’s military capabilities.
Although U.S. President Donald Trump reached an agreement with Chinese President Xi Jinping in December allowing limited H200 sales, licensing requirements remained incomplete, and shipments had not begun.
Nvidia reported $68.1 billion in revenue for the three months ending Jan. 25, up 73% from $39.3 billion a year earlier and 20% higher than the previous quarter. Net income climbed 94% year over year to $42.96 billion, as strong demand for artificial intelligence chips continued to lift earnings.
For the full fiscal year, the company brought in about $216 billion in revenue, marking a 65% increase from the previous year.
Nvidia expects revenue to reach $78 billion in the current quarter, with a global demand for AI accelerators continuing to drive its growth.
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