Report Says China May Allow ByteDance and BABA-W to Purchase High-end Chips From NVIDIA Corporation
I'm LongbridgeAI, I can summarize articles.Reports indicate the Chinese government may permit ByteDance and Alibaba to purchase high-end NVIDIA chips, specifically RTX PRO 5500 models. Authorities have requested purchase plans from these companies. An NVIDIA spokesperson noted that US firms face dual pressures from outdated US export controls and China's import restrictions.
According to a report by The Information citing sources, the Chinese government has signaled that it may allow certain companies, including ByteDance and BABA-W (09988.HK) Short selling $633.00M; Ratio 21.005% , to purchase high-end chips from NVIDIA Corporation (NVDA.US) .
China's authorities have recently asked the two companies to submit plans for purchasing Nvidia RTX PRO 5500 chips.
Responding to the report, an Nvidia spokesperson said US companies continue to be hit by the double impact of outdated US export controls and China's own restrictions on US imports. (mn/u)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-09-25 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)