Mike Shepard

customers here.

And three, the companies must implement strict know-your-customer procedures to ensure that these chips and the related technology don't get out to unauthorized users.

Well, it is the question of the moment surrounding this rule, just how this cap that it lays out would function.

The rule says that the exports to China can go no more than 50% of total product here in the U.S.

But does that mean H-200s produced from this day going forward?

If that's the case, it would not be a very big set and it would mean a far smaller number of exports to China.

And that would certainly not go anywhere near meeting the huge demand that Jensen Wang has said that he is getting from Chinese customers.

And we have reported that Alibaba and ByteDance are interested in buying as many as 200,000 chips each.

Now, if we are talking about

all the H200s produced over all time, that would be a much bigger universe, and that would be a much happier outcome for NVIDIA, AMD, and their investors.

So we will have to see exactly how that is interpreted, if that gets spelled out.

Another big question, Carol, is how quickly the government can move to actually process these export requests, because we have been hearing a

over the past year and longer that they are simply running into capacity problems in the bureaucracy of commerce and being able to turn these around.

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