China weighs allowing ByteDance, Alibaba to buy new Nvidia chips, The Information reports
China officials recently asked companies including ByteDance and Alibaba to report their plans to purchase Nvidia's RTX PRO 5500 chips, according to the report.
TL;DR
- China's government is considering allowing domestic companies, including ByteDance and Alibaba, to purchase Nvidia's RTX PRO 5500 chips.
- The Ministry of Industry and Information Technology has asked these companies to report their purchase plans for the specific Nvidia chip.
- Industry executives believe the RTX PRO 5500 chip could avoid U.S. export restrictions.
- An Nvidia spokesperson cited outdated U.S. export controls and China's import limits as ongoing restrictions.