China eases limits on Nvidia H200 chips as AI race escalates, FT reports

China is reportedly loosening restrictions on Nvidia’s H200 AI chips, allowing limited shipments to major tech firms such as ByteDance and Tencent. Around 10,000 chips each were reportedly received recently, while a much larger stockpile remains in Hong Kong due to infrastructure constraints. The move is notable because it suggests Beijing is prioritizing AI competitiveness despite earlier limits on advanced U.S. hardware. For Nvidia, the development is mildly bullish as it could expand or stabilize demand access in China, though the practical near-term impact appears limited because deployment capacity on the mainland remains constrained. The report also underscores how U.S.-China tech tensions and export controls continue to drive sentiment in semiconductor stocks.