China weighs allowing ByteDance, Alibaba to buy new Nvidia chips: The Information
China's Ministry of Industry and Information Technology has asked companies including ByteDance and Alibaba to report their plans to purchase Nvidia's RTX PRO 5500 chips. According to The Information, the ministry has signaled that it intends to approve these purchases. The RTX PRO 5500 chip is a high-end professional computer chip.
The chip has 84 GB of GDDR7 memory and 21,760 CUDA cores, with a starting price above $6,000. It sits outside the data-center accelerator category that has been targeted by US export controls since October 2022.
The Chinese government has not officially commented on the matter, but an Nvidia spokesperson stated that US firms are restricted by a combination of outdated US export controls and China's own limits on US imports. Alibaba and ByteDance did not immediately respond to requests for comment.
Brief written by urgent.news from Economic Times Tech, CNBC World, CNBC, Straits Times Business, Investing.com — 5 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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