Chinese Tech Giants Secure Over $12 Billion in NVIDIA H20 AI Chips Ahead of U.S. Sanctions
In a strategic move to bolster their artificial intelligence (AI) capabilities, leading Chinese technology firms—including Tencent, Alibaba, and ByteDance—have collectively placed orders exceeding $12 billion for NVIDIA’s H20 AI chips. This surge in procurement comes in anticipation of impending U.S. export restrictions aimed at curbing China’s access to advanced semiconductor technologies. NVIDIA’s H20: A Sanctions-Compliant …
