China Seeks H200 GPUs Through Black Market

Chinese tech companies are reportedly considering buying Nvidia H200 AI GPUs on the black market after Beijing banned their import several days ago, the South China Morning Post reported. Resellers say eight‑GPU H200 servers are trading about 50% above China's official list price, and at least $1 billion of Nvidia AI chips were reportedly smuggled in 2025. The move complicates China's silicon‑sovereignty and AI competitiveness.