China weighs allowing ByteDance, Alibaba to buy new Nvidia chips: report
THE Chinese government has signalled it could allow some domestic companies like ByteDance and Alibaba to buy Nvidia’s chip built for high-end...
China may permit ByteDance and Alibaba to acquire Nvidia's high-performance professional computer chips, according to The Information. The report cites sources familiar with the situation. The Ministry of Industry and Information Technology reportedly requested companies like ByteDance and Alibaba to share their intentions to purchase Nvidia's RTX PRO 5500 chips.
The government has reportedly indicated its approval of these purchases, with industry insiders anticipating the chip to circumvent US export restrictions. Nvidia's spokesperson acknowledged the report's claims but highlighted the ongoing restrictions faced by US firms due to outdated export controls and China's own limitations on US imports.
Alibaba and ByteDance have not yet commented on the report, and Reuters could not independently verify the information or reach out to the Chinese government for confirmation.
Written by urgent.news from The Business Times - Companies & Markets's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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