Jiangsu Vital Microelectronics Delivers First 12-inch High-End Optical Sputtering Equipment to Leading Chinese Foundry

The highest monthly rent for H800 in the Beijing-Tianjin-Hebei region rose to 75,500 yuan (up 3.42%), and the highest per-card-hour rate rose to 13.11 yuan (up 3.39%), reflecting tight spot supply of Nvidia. Scattered resources are bulk-rented by platforms/operators and then subleased for profit, driving up listing prices; domestic computing power still needs to build market confidence as it enters the market, and is unlikely to replace Nvidia's high-end in the short term.

SMM has learned that, affected by the persistently tight supply of Nvidia GPUs, the "sublease model" in the computing power leasing market has heated up significantly recently. Multiple operators and large platforms have turned to acquiring small- and medium-sized data centers and scattered GPU resources in the market, integrating them for external sublease. Compared with direct GPU procurement, this approach has lower upfront investment, lighter capital occupation, and offers greater cost flexibility during the tight spot supply phase. SMM believes that although sublease integration alleviates short-term computing power gaps, the dispersion of resource sources also imposes higher requirements on operational consistency and delivery stability.

SMM learned that a computing cluster in North China has released leasing resources for 128 RTX 5090 (32G) servers, with a monthly rent of 13,000 yuan per unit under a three-year fixed contract. The configuration per server includes eight 5090 cards, dual Intel 6530 processors (32 cores), 1TB DDR5, two sets each of 480GB SATA SSD and 7.68TB NVMe SSD, and a 100G dual-port network card. This batch of resources is of substantial scale, offering cost and delivery advantages for lessees involved in gaming, rendering, and medium-to-large model inference.