[SMM Computing Power News] South China H20 eight-card module spot quoted at 1.4 million yuan per set

Published: Sep 03, 2026 09:51 (GMT+8)

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SMM has learned that two brand-new H20 96G eight-card modules are available for sale as spot cargo in South China, quoted at 1.4 million yuan per unit, equivalent to approximately 175,000 yuan per card. During the same period, spot H200 PCIE boards in South China were quoted at 385,000 yuan per card, making the H20 per-card price less than half of that. The H20 features 96G of memory per card and lower computing power than the H200, primarily targeting inference scenarios, and has previously been deployed alongside domestic accelerator cards for large-model inference. SMM believes that the comparative value advantage of large-memory inference cards is being repriced by the market.

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