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China weighs allowing ByteDance, Alibaba to buy new Nvidia chips, The Information reports

investing.com ·

China is considering allowing ByteDance and Alibaba to purchase Nvidia's RTX PRO 5500 chips designed for high-end professional computers, according to a report by The Information. The Chinese Ministry of Industry and Information Technology has reportedly asked these companies to share their plans for acquiring the chips. The ministry has reportedly indicated that it intends to approve these purchases, suggesting that the RTX PRO 5500 chip may circumvent US export restrictions.

However, Reuters has been unable to confirm this report. US firms remain restricted by outdated export controls on gaming products and China's own limitations on US imports, as per an Nvidia spokesperson. Alibaba and ByteDance have not yet commented on the report, and Reuters could not reach the Chinese government for further information.

Written by urgent.news from Investing.com's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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