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

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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.

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

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


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