Stephen is Tom's Hardware's News Editor with almost a decade of industry experience covering technology, having worked at TechRadar, iMore, and even Apple over the years. He has covered the world of consumer tech from nearly every angle, including supply chain rumors, patents, and litigation, and more. When he's not at work, he loves reading about history and playing video games. ","collapsible":{"enabled":true,"maxHeight":250,"readMoreText":"Read more","readLessText":"Read less"}}), "https://slice.vanilla.futurecdn.net/13-4-13/js/authorBio.js"); } else { console.error('%c FTE ','background: #9306F9; color: #ffffff','no lazy slice hydration function available'); } Stephen Warwick Social Links Navigation News Editor Stephen is Tom's Hardware's News Editor with almost a decade of industry experience covering technology, having worked at TechRadar, iMore, and even Apple over the years. He has covered the world of consumer tech from nearly every angle, including supply chain rumors, patents, and litigation, and more. When he's not at work, he loves reading about history and playing video games.
-Fran- So… This is one way this can go down: China could force nVidia to sell the H200 for way cheaper, perhaps getting close to cost, so nVidia still gets a profit out of it and then the % the USA gets from each sell is meager at best. This would introduce an endless feedback loop, because we know how the current Admin will answer, so it'll either force nVidia or back to the "I'll tariff you MOAR!". I can see other possiblities, but I won't go there, since some didn't like the radical hot takes involving a Chinese Gulag, LOL. Regards. Reply
thth -Fran- said: % the USA gets from each sell is meager at best. The US cut doesn't change based on export price. It's not an export tariff as export tariffs are not legal in the US. It's applied as a 25% import tariff when the cards are first imported to US before they are sold to China. Reply
-Fran- thth said: The US cut doesn't change based on export price. It's not an export tariff as export tariffs are not legal in the US. It's applied as a 25% import tariff when the cards are first imported to US before they are sold to China. You're behind the news cycle, dawg! https://www.bbc.co.uk/news/articles/cg4erx1n04lo "President Donald Trump said last month that he would allow the chip sales to "approved customers" in China and collect a 25% fee." EDIT: Ah, it clicked on my slow brain now. What you said makes sense now! Regards. Reply
thth -Fran- said: "President Donald Trump said last month that he would allow the chip sales to "approved customers" in China and collect a 25% fee." President uses this kind of wording when he talks about it. But White House clarified this the very next day when he posted his first Truth Social post about it. Here's what's actually happened. – In US currently there's no legal mechanism to collect a cut of the revenue or even an export tariff. Originally he wanted to get 15% of the sales to China. But since they cannot collect it legally they had to change it to an import tariff. Import tariffs are collected by Customs and applies to the import price(a much lower price than sale price), which is why they had to actually raise the percentage to 25%. – The workaround they came up with is: (1) Force all China bound cards to be first imported to US. This is otherwise an unnecessary step for Nvidia. Remember these cards are made in Taiwan and it's much cheaper for Nvidia to ship it directly from there. (2) Apply a 25% tariff to H200s that are imported to US. Then exempt all the cards that are imported for US domestic use from the tariff. This way the tariff is only applied to the cards they import to resell to China. When they speak a 25% cut of H200 sales to China they are always talking about this import tariff. But many journalists present this in a misleading way which sometimes sound like it's a cut from the sales. Reply
thth -Fran- said: EDIT: Ah, it clicked on my slow brain now. What you said makes sense now! It seems mine also slow. I typed a whole long reply without seeing your edit. Reply
Captain Awesome There's such an extreme shortage, that other buyers would buy the H200's meant for China. What I find shocking though, is in the picture that goes with the story people appear to have brought random crap for Jensen to sign. That picture deserves a story of its own. 😁 Like why does he sign things? And where does this happen, so I can have him sign random things for me too. 😃 Reply
thth Captain Awesome said: There's such an extreme shortage, that other buyers would buy the H200's meant for China. What I find shocking though, is in the picture that goes with the story people appear to have brought random crap for Jensen to sign. That picture deserves a story of its own. 😁 Like why does he sign things? And where does this happen, so I can have him sign random things for me too. 😃 That picture is from this news conference itself where he said this. After he arrived there he first handed out gifts to reporters like sandwiches and stuff then signed things for them Reply
Key considerations
- Investor positioning can change fast
- Volatility remains possible near catalysts
- Macro rates and liquidity can dominate flows
Reference reading
- https://www.tomshardware.com/tech-industry/artificial-intelligence/SPONSORED_LINK_URL
- https://www.tomshardware.com/tech-industry/artificial-intelligence/nvidia-ceo-jensen-huang-china-hasnt-approved-h200-imports-yet-also-confirms-no-new-orders-placed-while-beijing-decides#main
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