DeepSeek Gets Conditional Approval for Nvidia H200 Chips in China

• China's top AI startup DeepSeek received conditional approval to purchase Nvidia H200 AI chips.
• ByteDance, Alibaba, and Tencent also reportedly received permission to buy over 400,000 H200 chips in total.
• Nvidia CEO Jensen Huang stated the company had not received such information, believing China is still finalizing licenses.
• The approvals from China's industry and commerce ministries come with conditions being finalized by the National Development and Reform Commission (NDRC).
• The H200 chip is a flashpoint in U.S.-China relations; U.S. approved exports, but Beijing's final say on imports was pending.

Why It Matters: DeepSeek and other Chinese tech giants receive conditional approval to acquire Nvidia H200 AI chips.