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AI accelerator · China

Nvidia H20

China-market Hopper derivative with sharply cut compute but strong memory (96GB HBM3 at 4 TB/s), Nvidia's main China datacenter product from early 2024. Its price ran ~$12k-15k at launch (¥110k street), eased to ~$10k-13k (¥100k) in 2025, and production was halted in early 2026 after US and Chinese restrictions and the H200/B30A policy shifts.

ChinaDiscontinuedNvidiaHopper familyLaunched 2024-03TSMC 4N

Latest observation ~$7.2K (from ¥52,000 at 2026 avg 7.25 CNY/USD) (per complete 8-card machine-month (H20-141G, Jinan carrier equipment room, 1-month deposit + 3 months prepaid)) as of 2026-08-27 · researched 2026-08-27

~$7.2Klatest observation · street price · 2026-08-27 · from ¥52,000
11dated price observations on record
9sourced specs (all linked below)

Specifications

Sourced specs

SpecValueSource
FP64 compute~1 TFLOPSvia tomshardware.com2023-12
FP32 compute~44 TFLOPSvia getdeploying.com2026-08
FP16/BF16 Tensor Core148 TFLOPS (dense)via tomshardware.com2025-08-14
FP8 Tensor Core296 TFLOPS (dense)via wccftech.com2023-12
INT8 Tensor Core296 TOPS (dense)via getdeploying.com2026-08
Memory96GB HBM3, 4.0 TB/svia tomshardware.com2025-08-14
CUDA cores14,592 (~41% fewer than H100)via wccftech.com2023-12
InterconnectNVLink 900 GB/s, PCIe Gen5via getdeploying.com2026-08
TDP400Wvia getdeploying.com2026-08

Pricing

Price history, newest first

DatePriceTypeSourceConfidence
2026-08-27~$7.2K from ¥52,000 at 2026 avg 7.25 CNY/USD per complete 8-card machine-month (H20-141G, Jinan carrier equipment room, 1-month deposit + 3 months prepaid)Single-machine listing incl. bandwidth options (CNY 20-25/month); implied ~CNY 9.03/card-hour (52,000 / 8 / 720).Street pricevia SMM computing-power flashmedium
2026-08-27~$5.5K from ¥40,000 at 2026 avg 7.25 CNY/USD per 8-card server-month (apetops.com public listing, NVIDIA HGX H20 8-GPU 768GB = 96GBx8, 2x Xeon 8480+, 2TB RAM)Vendor's own posted monthly rate, no hourly price listed; implied ~CNY 6.94/card-hour. Cross-checks with SMM H20-96G Beijing-Tianjin-Hebei CNY 40,500/server-month.Street pricevia Apetops (third-party compute lessor) public list pricemedium
2026-08-17~$6.3K from ¥45,500 at 2026 avg 7.25 CNY/USD per 8-card server-month (SMM H20-141G Chengdu-Chongqing average lease quote)Rose 8.3% from CNY 42,000 (peak 49,000 on 7/22); implied ~CNY 7.90/card-hour. Same series: H20-96G Beijing-Tianjin-Hebei steady at CNY 40,500/server-month (~CNY 7.03/card-hour).Street pricevia SMM computing-power price analysismedium
2025-11~$13.9K from ¥100,000 at 2025 avg 7.19 CNY/USD per cardLate-2025 weak demand and discounting confirmed by supply-chain sources; transaction prices more than 10% below Huawei Ascend 910B (~¥100k/card)Street pricevia Caijinglow
2025-10-25~$10K per cardH20 cards running $10k-13k in 2025Street pricevia IFP analysislow
2025-02-28~$153K from ¥1,100,000 at 2025 avg 7.19 CNY/USD per 8-GPU H20 server8-GPU H20 server about ¥1.1M, up ~¥100k from the start of 2025 as majors stockpiledStreet pricevia Cailianshe (CLS)low
2025-02~$12K per card~1M H20 units in 2024 generating >$12B revenue implies ~$12k average priceAnalyst estimatevia Epoch AI (citing Reuters)medium
2024-07~$12K per card~$12k market price; Reuters 2024-07-22: Nvidia on track to sell 1M+ H20s in China worth $12B+ (SemiAnalysis)Street pricevia Epoch AI (citing TechPowerUp / Reuters)medium
2024-03~$15.3K from ¥110,000 at 2024 avg 7.20 CNY/USD per cardLaunch street price about ¥110,000 due to dealer markups over the ~¥85k-107k official range; later in 2024 the single-card quote fell to about ¥100,000Street pricevia Chinese press (Fuzhou News/Caijing syndication)low
2024-03~$194.6K from ¥1,400,000 at 2024 avg 7.20 CNY/USD per 8-GPU HGX H20 serverEight-card H20 server about 1.4 million yuan (~$195,800) at launchStreet pricevia SCMPmedium
2024-02-01~$12K per cardDistributor order pricing $12,000-15,000 per card, positioned against Huawei Ascend 910B; corroborated by Tom's Hardware ($12k-14k) and SCMPReported contractvia Reutershigh

vendor-official or multiple independent reports · single major report or several secondary · estimate or lone secondary source

Prices in USD, converted at each observation year's average exchange rate; the original figure and rate print under every converted price. How prices are sourced and graded ↗

Context

Notes

  • Regulatory timeline: 2025-04 US license requirement (Nvidia $5.5B charge; MI308 also hit); 2025-07-15 US said sales could resume (15% revenue-share arrangement, CNBC); 2025-08 Chinese regulators/CAC told Alibaba, ByteDance, Tencent to pause purchases and customs held shipments; late 2025-early 2026 Nvidia halted H20 production (OFweek 2026-04).
  • Successor pricing reports: Reuters 2025-05-24 — China-market Blackwell chip expected at $6,500-8,000; IFP 2025-10-25 — B30A about $22.5k/card (roughly half of B300's ~$53k), >12x H20 performance. As of Aug 2026 B30A export approval status to China remained undecided.
  • TrendForce (2025-08) reported Nvidia weighed an up-to-18% H20 price hike to protect margins before sales collapsed.
  • H20e / H20 141GB (HBM3e) upgrade variant reported in 2025; pricing not confirmed.
  • 8-GPU H20 server prices in China: ~¥1.4M at launch (2024) -> ¥1.1-1.3M (mid/late 2024) -> ~¥1.1M (early 2025) per Guosheng Securities/CLS.

Where it sits

In the stack

All specs and prices link to their original sources, dated as observed. Figures are market observations, not offers; treat each as of its date.