At least seven Chinese companies are now shipping H100/H200-class AI accelerators, with most having gone public within the last six months. Huawei alone shipped 812,000 AI cards last year, accounting for 49% of China's domestic supply, and its Ascend 950 is reportedly targeted at H200-class performance. Several of these firms were founded by former NVIDIA and AMD GPU leaders, including MetaX, which saw revenue grow 3,800x in three years, and Alibaba, which launched a server with 1.5TB of VRAM for on-premises frontier model deployment.