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CN In Principle Approves BABA-W, TENCENT, ByteDance to Purchase NVIDIA H200 Chips: Wire
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Chinese regulators recently in principle greenlighted BABA-W (09988.HK), TENCENT (00700.HK), and ByteDance to proceed to the next stage of procurement preparation for NVIDIA (NVDA.US) H200 AI chips, Bloomberg, citing sources, reported. Such companies can now negotiate specific details such as procurement quantities. China will require these companies to purchase a certain amount of domestic chips as a condition, though the specific quantity is yet to be determined, the report cited sources as reporting. AASTOCKS Financial News Website: www.aastocks.com |
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