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US Reportedly Approves ~10 CN Firms Incl. BABA-W, TENCENT to Purchase NVIDIA AI Chips
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The US has approved about 10 Chinese companies, including BABA-W (09988.HK), TENCENT (00700.HK), ByteDance and JD-SW (09618.HK), to purchase NVIDIA (NVDA.US) AI chip H200, Reuters reported, quoting people with the knowledge of the matter. Several distributors, including LENOVO GROUP (00992.HK) and Hon Hai, have also received approval. Earlier, NVIDIA CEO Jensen Huang, who was reportedly absent from a China visit itinerary, joined a delegation of business leaders at the last minute, fueling market speculation that there could be a new turning point in NVIDIA's chip exports to China. Before the US tightened export restrictions, NVIDIA held about 95% share of China's advanced chip market, while the China market once accounted for 13% of the company's total revenue. Approved buyers can purchase directly from NVIDIA or through distributors, with each customer allowed to buy up to 75,000 chips, sources divulged. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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