✉news TechnologySemiconductors first seen 1 d ago, last 1 h ago, peak #1
ByteDance, Alibaba, Tencent place $35 billion in Nvidia chip orders
Original: EXCLUSIVE: ByteDance, Alibaba, Tencent place over $35 billion worth of Nvidia chip orders
ByteDance, Alibaba and Tencent have collectively placed orders worth over $35 billion for Nvidia chips, according to a Reuters exclusive. The orders underscore the scale of Chinese tech companies' demand for advanced AI semiconductors despite US export restrictions, and highlight Nvidia's continued central role in the global artificial intelligence race.
Why now: The sheer size of the orders signals massive Chinese AI investment and intensifying demand for Nvidia chips amid US-China tech tensions.
Evidence
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