约60万枚英伟达H200芯片滞留香港等待进口批准：路透社称中国尚未批准大规模放行
香港 — 据路透社11月5日援引多名知情人士报道，约60万枚英伟达H200超级智能（SI）芯片目前存放在香港，等待运往中国内地，而中国方面尚未批准大规模进口。这是这批库存规模的具体数字首次被披露，按公开售价估算总值约200亿至300亿美元。
知情人士说，中国有关部门近几个月只批准了有限数量的入境：阿里巴巴、字节跳动、深度求索（DeepSeek）与腾讯等大型科技企业各获准取得约1万枚，合计约4万枚，与滞留香港的60万枚相差约15倍；另有少量芯片经中间商与间接渠道入境。还有知情人士说，有关方面一边引导企业远程使用设在香港数据中心的芯片算力，一边控制芯片实物进入内地。
H200属于英伟达较早的Hopper一代产品、不是最新的Blackwell系列，却是目前可以对中国出口的芯片中适合用于SI模型训练的高性能型号。库存积压之际价格也在上涨：截至10月底，一台搭载8枚H200的服务器在中国内地非官方市场报价超过600万元人民币，约为一年前的三倍。
这批芯片的处境源于美中两边方向相反的管制。美国自2022年起限制中国获取先进处理器；特朗普总统2025年12月宣布，获批准的中国客户可以购买H200，条件包括向美国政府支付相当于售价25%的款项；美国商务部工业与安全局2026年1月修订许可政策，改为逐案审查。美国官员在国会作证时表示，按许可制度实际出货的数量很小。
中国一侧则在鼓励企业购买国产处理器、降低对美国技术的依赖。路透社向英伟达、中国工业和信息化部、国家发展改革委、香港方面以及阿里巴巴、字节跳动等企业提出的置评请求，均未得到回应。
11月9日，中国外交部发言人郭嘉昆在例行记者会上就美国输华芯片相关提问表示，中方在这一问题上的立场是一贯的，具体情况建议向主管部门询问。
（来源：路透社）
Some 600,000 Nvidia H200 Chips Sit in Hong Kong Awaiting Import Approval, Reuters Reports
HONG KONG — About 600,000 of Nvidia's H200 super intelligence (SI) chips are being stored in Hong Kong while they await shipment to mainland China, and Beijing has not yet approved large-scale imports, Reuters reported on November 5, citing multiple people familiar with the matter. It was the first time the size of the stockpile had been disclosed; at list prices it is worth an estimated $20 billion to $30 billion.
The sources said Chinese authorities had approved only limited volumes in recent months: big technology firms including Alibaba, ByteDance, DeepSeek and Tencent were each allowed to obtain about 10,000 chips, roughly 40,000 in total, about one fifteenth of the 600,000 waiting in Hong Kong, while small volumes also entered through intermediaries and indirect channels. One source said companies were being steered toward using computing power from chips installed in Hong Kong data centres remotely, while physical transfers to the mainland were controlled.
The H200 belongs to Nvidia's older Hopper generation rather than the newer Blackwell line, but it is the most capable chip that can be exported to China for training SI models. Prices have risen as the stockpile built up: by the end of October, a server carrying eight H200 chips was quoted at more than 6 million yuan on the mainland's unofficial market, about three times the level of a year earlier.
The chips are caught between opposite controls in Washington and Beijing. The United States began restricting China's access to advanced processors in 2022; President Trump announced in December 2025 that approved Chinese customers could buy the H200, on conditions including a payment to the US government equivalent to 25 percent of the price, and the Commerce Department's Bureau of Industry and Security revised its licensing policy in January 2026 to review applications case by case. US officials have told Congress that shipment volumes under the licence regime have been small.
China, for its part, has been encouraging its companies to buy domestic processors and reduce dependence on American technology. Nvidia, China's industry ministry and development commission, the Hong Kong side, and companies including Alibaba and ByteDance did not respond to Reuters requests for comment.
At a regular press briefing on November 9, Chinese Foreign Ministry spokesman Guo Jiakun, asked about US chip sales to China, said China's position on the issue had been consistent and that specific matters should be referred to the competent authorities.
(Source: Reuters)
来源：路透社
发布：GSM·美国（发布链接）
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