Trump: China "chose not to buy" Nvidia H200, pivoting to fully developing its own AI chips

ORIGINAL川普：中國「選擇不買」Nvidia H200，轉向全力自研 AI 晶片

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Did Nvidia lose a major order from China? U.S. President Donald Trump recently revealed that although the U.S. has given the green light for sales, China has "chosen not to purchase" Nvidia’s high-end H200 AI chips, determined to develop its own local technology instead. As the U.S.-China summit failed to reach any major technology agreements, shattering Wall Street's previous optimistic expectations, chip stocks fell across the board upon the news. (Previous coverage: Eric Trump Interview: The U.S. must win in AI, energy, and Bitcoin, or Asia and the Middle East will take the lead) (Background: Reuters: U.S. approves 10 Chinese companies, including Tencent, to purchase Nvidia H200 chips) The highly anticipated U.S.-China summit has concluded, yet the "tech reconciliation" expected by the market did not materialize as planned; instead, it brought news that shocked chip investors. According to a recent post on X by the well-known financial news account Walter Bloomberg (@DeItaone), U.S. President Donald Trump has made the latest remarks regarding Nvidia ($NVDA) sales to China. $NVDA – TRUMP: CHINA HASN’T BOUGHT NVIDIA H200 CHIPS President Donald Trump said China has not purchased Nvidia’s H200 chips, despite U.S. approval for sales. He said China “chose not to” and is aiming to develop its own technology. Chip stocks fell after the summit ended… — *Walter Bloomberg (@DeItaone) May 15, 2026 U.S. gave the green light, but China "chooses not to buy" H200 Trump confirmed in his statement that despite the U.S. government granting sales permits, China has yet to purchase Nvidia’s most advanced H200 AI chips to date: China "chooses not to buy" and is shifting its strategic focus entirely toward developing its own local technology. These remarks undoubtedly poured cold water on the previously overly optimistic Wall Street. The market had originally expected that this summit would significantly ease export restrictions on advanced AI chips, allowing Nvidia to recapture China's massive computing power orders. However, Trump confirmed that "no major technology agreement" was reached after the summit, indicating that China's determination to "de-Americanize" and develop its own chips is firmer than expected. Hit by the failure of U.S.-China tech negotiations and the potential negative impact on Nvidia's revenue, market anxiety spread rapidly, leading to a significant decline in chip and semiconductor stocks.

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