Chinese companies order Nvidia chips worth $5B amid fears of US curbs

by
Sharing is Caring!

China’s top tech companies, including Alibaba, Baidu, ByteDance, and Tencent, have placed orders worth $5 billion for Nvidia chips to make generative AI systems.

The orders include $1 billion for 100,000 A800 processors to be delivered this year, as well as an additional $4 billion worth of graphics processing units to be delivered in 2024.

See also  Trump’s win halts migrant caravan by half; many turn back amid policy fears.

Chinese companies are stockpiling the A800 chips due to export limitations imposed by the US last year and fears of new export restrictions.

See also  Nvidia $NVDA projects $37.5B revenue next quarter. Growth slowing, fueled by Non-GAAP magic; Accounts receivable surge raises concerns Top three customers face scrutiny over accounting errors

Source: www.reuters.com/technology/chinas-internet-giants-order-5-bln-nvidia-chips-power-ai-ambitions-ft-2023-08-09/


Views: 56

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.