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  <text x="600" y="56" text-anchor="middle" font-family="Montserrat, Helvetica, sans-serif" font-size="26" font-weight="700" fill="#1a1a1a">Le paradoxe H200 &#x2014; offre ouverte, demande bloquée</text>
  <text x="600" y="84" text-anchor="middle" font-family="DM Mono, monospace" font-size="12" letter-spacing="2" fill="#6b6b6b">FLUX OFFICIEL VS FLUX REEL &#xB7; 14-15 MAI 2026</text>

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  <text x="200" y="282" text-anchor="middle" font-family="Montserrat, Helvetica, sans-serif" font-size="15" fill="#1a1a1a">10 licences accordées</text>
  <text x="200" y="306" text-anchor="middle" font-family="Montserrat, Helvetica, sans-serif" font-size="15" fill="#1a1a1a">75 000 H200 / firme</text>
  <text x="200" y="338" text-anchor="middle" font-family="Montserrat, Helvetica, sans-serif" font-size="16" font-weight="700" fill="#C73252">+ 25 % du revenu au Trésor</text>

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  <text x="600" y="266" text-anchor="middle" font-family="Montserrat, Helvetica, sans-serif" font-size="20" font-weight="800" fill="#1a1a1a">Routing via sol US</text>
  <text x="600" y="294" text-anchor="middle" font-family="Montserrat, Helvetica, sans-serif" font-size="14" fill="#1a1a1a">Plafond global : 750 000 unités</text>
  <text x="600" y="318" text-anchor="middle" font-family="Montserrat, Helvetica, sans-serif" font-size="14" fill="#1a1a1a">Certif sécurité &#xB7; pas d&#39;usage militaire</text>

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  <text x="1000" y="208" text-anchor="middle" font-family="DM Mono, monospace" font-size="11" letter-spacing="2" fill="#F05E2C">10 FIRMES CHINOISES</text>
  <text x="1000" y="244" text-anchor="middle" font-family="Montserrat, Helvetica, sans-serif" font-size="16" font-weight="700" fill="#1a1a1a">Alibaba &#xB7; Tencent</text>
  <text x="1000" y="266" text-anchor="middle" font-family="Montserrat, Helvetica, sans-serif" font-size="16" font-weight="700" fill="#1a1a1a">ByteDance &#xB7; JD.com</text>
  <text x="1000" y="298" text-anchor="middle" font-family="Montserrat, Helvetica, sans-serif" font-size="13" fill="#6b6b6b">+ 6 autres acheteurs validés</text>
  <text x="1000" y="338" text-anchor="middle" font-family="Montserrat, Helvetica, sans-serif" font-size="16" font-weight="700" fill="#C73252">commandes : suspendues</text>

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  <text x="600" y="486" text-anchor="middle" font-family="DM Mono, monospace" font-size="11" letter-spacing="2" fill="#C73252">PÉKIN &#xB7; CONSIGNE INTERNE</text>
  <text x="600" y="524" text-anchor="middle" font-family="Montserrat, Helvetica, sans-serif" font-size="18" font-weight="800" fill="#1a1a1a">&#xAB; Priorité aux chips domestiques &#xBB;</text>
  <text x="600" y="558" text-anchor="middle" font-family="Montserrat, Helvetica, sans-serif" font-size="14" fill="#1a1a1a">Huawei Ascend &#xB7; Cambricon &#xB7; Loongson</text>

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  <text x="895" y="445" font-family="DM Mono, monospace" font-size="11" letter-spacing="1.5" fill="#C73252">ne pas commander</text>

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  <text x="600" y="652" text-anchor="middle" font-family="Montserrat, Helvetica, sans-serif" font-size="19" font-weight="900" fill="#ffffff" letter-spacing="-0.3">AU 15 MAI 2026 &#xB7; 0 PUCE LIVRÉE &#xB7; -170 Md$ EFFACÉS SUR NVIDIA</text>

  <text x="60" y="710" font-family="DM Mono, monospace" font-size="10" letter-spacing="1.5" fill="#6b6b6b">Sources : CNBC, SCMP, Tom&#39;s Hardware, Commerce Dept regulation 13 janvier 2026 &#xB7; Otium</text>
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