China plans to let top AI firms buy limited Nvidia H200 chips, the Information reports

China is planning to allow the country's top AI companies to buy a limited number of Nvidia's H200 chips, the Information reported on Wednesday, citing two people with direct knowledge of the matter.

Chinese officials have told Alibaba, ByteDance and DeepSeek in recent weeks that they may soon receive permission to buy some H200 chips, the report said.

Shares of Nvidia rose 1% after the report.

The chip giant did not immediately respond to a Reuters request for comment.

The U.S. Commerce Department, which oversees exports of advanced AI chips overseas, did not immediately return a request for comment, while Alibaba, ByteDance and DeepSeek did not respond outside of regular business hours.

Nvidia has already received ​licenses from the U.S. government to sell its advanced H200 chips to China.

Reuters reported in March that the company had won Beijing's approval to sell the chips to China, citing sources.

In March, Nvidia CEO Jensen Huang also told CNBC that the company had clearance from China.