NVIDIA H20 may resume sales to China, boosting AI GPU supply and demand for HBM and GDDR. US policy shift favors Chinese adoption of high-end AI chips. New products like RTX PRO 6000 will further support diverse AI developments.

Key Highlights

• NVIDIA H20 is likely to resume sales in China, enhancing AI GPU supply dynamics and driving up demand for HBM and related solutions.
• H20 supply resumption repositions NVIDIA as the leading provider for high-end Chinese AI GPU solutions, especially for large CSP’s data center expansion.
• H20 uses HBM3e memory, driving its market consumption ratio from 3% up to 6%.
• Besides H20, NVIDIA will introduce a China-specific RTX PRO 6000 with GDDR7, targeting more diverse and mid-tier AI server applications, with mass shipment planned later in the year.
• Samsung leads in GDDR7 supply and will benefit from growth in RTX PRO 6000 sales and related revenue.
• Despite recent policy easing, geopolitical risks remain, prompting China to accelerate domestic AI chip and supply chain development, with significant improvements expected post-2026.

Table of Contents

1. Restrictions on the Export of NVIDIA’s H20 Are Likely to Be Lifted; This Would Signal a Change in Trade Policies Related to AI GPUs, Potentially Unlocking Substantial Demand in the Chinese Market
2. Resumption of H20 Sales Will Drive Demand for HBM3e, Increasing H20’s Share of Overall HBM Consumption to 6% in 2025
   • Comparison of Specifications: NVIDIA's H20 vs. In-House Designed Chips from Chinese Companies
3. H20 Expected to Reclaim Its Position as the Leading High-End AI GPU in China if Export Ban Is Lifted
   • If the Ban on H20 Is Lifted, the Share of Foreign-Sourced AI Chips in the Chinese Market Is Projected to Rebound to as Much as 49% 
4. GDDR7 Shipments Are Expected to Gain Momentum as NVIDIA Plans to Launch China-Specific Version of RTX PRO 6000 to Support Applications for Midrange and Low-End AI Servers

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