Chinese Computing Projects Linked to Nvidia Chips Top 23 Billion Yuan
Key Facts
A Reuters review valued Chinese computing equipment projects and agreements designed around Nvidia processors subject to U.S. export restrictions at more than 23 billion yuan, or 3.2 billion dollars, in a report published by the agency on November 13, 2026. The review was based on more than 150 procurement notices, investment plans, construction contracts and company disclosures. The value includes planned investments, signed contracts and completed installations, according to Reuters. It also covers buildings, power systems and other infrastructure, and is not limited to spending on purchases of Nvidia chips. The figures show the scale of computing plans linked to these processors, while some of the projects remain exposed to supply risks and U.S. restrictions.
The projects cited by Reuters range from regional computing centers to refurbished commercial sites, and were designed using H100, H200 and H800 processors. The agency said some facilities are already operating or remain under construction. This range means the portfolio’s value combines different stages of execution, from investment plans to completed installations, and does not represent a single figure for chip purchases delivered. In coastal Fujian, a proposed computing center in Xianyou County is seeking commercial partners, and its documents specify H100 chips. The proposed project is valued at 6.2 billion yuan, equivalent to 873 million dollars.
In Shaanxi province, state-owned engineering group Sinomach said a subsidiary had won a contract under a 3 billion yuan computing center project whose specifications name H100 and H200 processors. In Jilin, a government prospectus dating to April describes a 2.26 billion yuan project combining H100 processors with domestically developed chips. The developer expects bank loans to cover about 80% of the investment. The combination of foreign and domestic chips in the project specifications indicates that supply plans may include more than one source of processing capacity. But the project documents describe a financing and equipment plan and do not by themselves establish that installation is complete.
In Inner Mongolia, a 1.5 billion yuan project proposes installing 625 servers equipped with H200 processors. Chinese industry reports said in June that construction had begun on two buildings in the first phase. In Gansu, a local company awarded a 1.16 billion yuan construction contract in July for a center that plans to install about 3,072 Nvidia processors. These examples show that some plans have moved into construction or contracting, while processor delivery schedules remain a separate factor from progress on construction. Reuters said documents related to the Gansu project do not establish that the chips were delivered to the site.
U.S. restrictions make chip availability subject to licensing requirements. The U.S. Commerce Department’s Bureau of Industry and Security said it would review export applications for Nvidia’s H200 and AMD’s MI325X and similar chips to China on a case-by-case basis, provided security requirements are met. The conditions include protecting supplies intended for U.S. customers, customer screening and independent testing in the United States. The Federal Register states that total shipments of the covered product to China and Macau must not exceed 50% of the quantity shipped to customers for end use within the United States. Under Secretary of Commerce Jeffrey Kessler said allowing H200 sales to China “under controlled conditions will strengthen the U.S. technology ecosystem,” adding that export controls should evolve with technology while protecting national security.
The Reuters review shows that demand for Nvidia processors persisted in Chinese customers’ plans despite the restrictions, and that some were already operating restricted processors. Company chief executive Jensen Huang has said Nvidia’s share of the Chinese market fell from 95% to zero, while an IDC report cited by Reuters estimated the company accounted for 34% of AI accelerator shipments in China in the first half of 2026. The two figures refer to different measures of the market, according to the published article. In an earlier example, the Wuxi government said in March 2025 that a computing cluster using H800 chips had entered service in the city in Jiangsu province. These developments show continued use of and planning for the chips alongside the market-share decline Huang described.
In trading on November 12, Nvidia shares fell 4.3% after recovering from a decline of about 14% at the open, according to the Associated Press. EL7 data showed the stock closed at 166.19 dollars. The agency also said Nvidia’s 30.5% decline since reaching a record on October 6 was among the main reasons the S&P 500 fell from its high set the same day. On policy, Reuters quoted U.S. House Speaker Mike Johnson as saying a consensus was forming in Congress on limiting China’s access to advanced chips. The agency added that lawmakers are considering including chip-export provisions in the annual defense authorization bill, while proposals under consideration include legislation giving the Commerce Department tools to prevent Chinese companies from renting overseas data centers to access Nvidia chips.