Nvidia is waiting on US government approval for its H200 chips to be shipped to China, as demand surges following the reversal of a longstanding export ban, the company’s CFO said Tuesday.
In an interview at the Consumer Electronics Show (CES) in Las Vegas, Nvidia Chief Financial Officer Colette Kress stated that while the US is “working feverishly” on license applications, the company does not yet know when they will be approved. Chinese authorities are also reportedly reviewing whether to permit the shipments.
Despite the uncertainty, Kress said Nvidia has seen strong interest for its H200 chips from Chinese customers. She declined to comment on any discussions with Chinese officials.
On Monday, Nvidia unveiled six new chips in full production that will form the next “Vera Rubin” generation of its AI computing systems. While Kress did not identify any production bottlenecks, she noted that Nvidia is confident about the stability of its supply chain.
Nvidia is targeting $500 billion in combined sales from its current Blackwell generation and the upcoming Vera Rubin chips by the end of this year. The company has already held preliminary talks with customers regarding data center expansions for 2027, though Kress did not provide specific sales guidance.
