China to allow limited Nvidia H200 chip purchases

China is planning to allow its top AI companies—Alibaba, ByteDance, and DeepSeek—to purchase a limited number of Nvidia's H200 chips, according to a report by The Information. Chinese officials have informed these companies in recent weeks that they may soon receive permission to buy some H200 chips, requiring them to specify quantities and justifications. Nvidia has already received licenses from the U.S. government to sell these advanced AI chips to China, and the company had previously won Beijing's approval in March. The U.S. Commerce Department oversees exports of advanced AI chips. Nvidia's shares rose 1% following the report.