About 600,000 H200 chips reportedly stalled in Hong Kong awaiting Beijing approval

Reuters reported that roughly 600,000 Nvidia H200 processors are sitting in Hong Kong while mainland Chinese authorities withhold approval for large-scale deliveries. China has allowed only limited H200 shipments so far, and secondhand server prices in China have reportedly roughly tripled over the past year, which underscores how constrained supply is. The bottleneck keeps Nvidia's China access tied to Beijing's import decisions and to US export policy.

1. Reuters, cited by Benzinga on November 5, 2026, reported about 600,000 H200 chips remain in Hong Kong awaiting mainland approval.
2. China has reportedly allowed limited H200 shipments, with several major internet companies each receiving about 10,000 chips.
3. An eight-card H200 server reportedly sold for more than 6 million yuan (about $900,000) by late October, roughly triple the year-earlier level.
4. Nvidia has reportedly asked global cloud partners to ensure at least 51% of their cloud-service revenue comes from non-Chinese customers.
5. Blackwell-based servers remain restricted under US export controls.