7 Chinese companies are already shipping H100/H200-class AI chips, most IPO'd in the last 6 months. I mapped all of them.

https://preview.redd.it/8e85oakbz19h1.png?width=3000&format=png&auto=webp&s=258039cb277daa2572d1ba4eec8cc488357c62d0

I run Chinese open models on a 4×3090 rig every day. The more I watched these models get tuned for domestic hardware, the more I wanted to know what that hardware actually is, so I mapped it. At least 7 Chinese companies are already shipping AI accelerators, and most of them IPO'd in the last 6 months.

China's own framing is "3 dragons, 4 snakes." The dragons are Big Tech that also builds full-stack GPUs. Huawei alone shipped 812K AI cards last year, 49% of China's domestic supply, with their own HBM and their own fabs. The Ascend 950 reportedly targets H200-class.

https://preview.redd.it/w4skesgez19h1.png?width=3000&format=png&auto=webp&s=0b38c70a9f73de400a0429e8bb456bf92648e7c8

The "snakes" are the pure-plays that just IPO'd, and this is the part that surprised me: several were founded by the former chief GPU architects of NVIDIA and AMD. MetaX is basically AMD's old global GPU leadership rebuilt in Shenzhen, revenue up about 3,800x in three years. Alibaba is shipping a server with 16×96GB = 1.5TB of VRAM in one box, enough to hold a frontier model in BF16 fully on-prem.

https://preview.redd.it/1423erfgz19h1.png?width=3000&format=png&auto=webp&s=5882f058b5068b692b57f9c5d80178e97a43870b

Meanwhile production moved from TSMC to SMIC, and NVIDIA's China share fell from about 95% to 55% in two years. The metal and the open models are converging.

Full breakdown with all 7 vendors and sources:

https://x.com/superalesha/article/2069415447779246440