Chinese Government Considering Approval of Nvidia Chip Purchases by ByteDance and Alibaba

The Chinese government is reportedly considering allowing companies like ByteDance and Alibaba to purchase high-end professional chips from U.S.-based company Nvidia, according to a report by The Information. China's Ministry of Industry and Information Technology has asked these firms about their plans to acquire the RTX PRO 5500 chip, with some industry insiders suggesting that this model may not be subject to existing U.S. export restrictions. Nvidia confirmed in its statement that outdated U.S. export controls are limiting sales to China but did not directly comment on whether approvals for these specific purchases have been granted or are being considered. Neither Alibaba nor ByteDance responded immediately to requests for comment, and the Chinese government could not be reached.

By https://www.facebook.com/CNBC · CNBC ·

Chinese Government Considering Approval of Nvidia Chip Purchases by ByteDance and Alibaba

Tickers: $BABA $NVDA

Topics: China regulations Nvidia RTX PRO 5500 chip U.S.-China trade tensions

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