Chinese internet giants order $5 billion worth of NVIDIA chips
Economy
Chinese internet giants are rushing to stock up on A800 chips. Because the Biden administration is considering new export restrictions that will affect even weakened NVIDIA chips.
Chinese Internet giants are rushing to acquire the high-end NVIDIA chips needed to build artificial intelligence systems. It is reported by the Financial Times.
Major Chinese companies are said to have hastily placed orders for $5 billion worth of NVIDIA chips in fear of new U.S. regulations tightening export controls.
In addition, Baidu, Bytedance, Tencent and Alibaba have placed orders worth $1 billion for about 100,000 A800 processors from the US chipmaker. They will be delivered this year.
Chinese companies have acquired $4 billion worth of GPUs with shipments scheduled for 2024, according to two people close to NVIDIA.
The A800 is reportedly a smaller version of NVIDIA's advanced A100 GPU designed for data centers.
Due to export restrictions imposed by Washington in 2022 to stifle Beijing's tech ambitions, Chinese tech companies can only buy A800s with lower data rates than A100s.
Chinese internet giants are rushing to stock up on A800 chips. Because the Biden administration is considering new export restrictions that will affect even weakened NVIDIA chips. In addition, the demand for it is growing due to the lack of a GPU.
For reference, on August 9, Washington announced that it would ban Americans from investing in Chinese quantum computing technology, advanced chips, and the artificial intelligence sector from next year.
Major Chinese companies are said to have hastily placed orders for $5 billion worth of NVIDIA chips in fear of new U.S. regulations tightening export controls.
In addition, Baidu, Bytedance, Tencent and Alibaba have placed orders worth $1 billion for about 100,000 A800 processors from the US chipmaker. They will be delivered this year.
Chinese companies have acquired $4 billion worth of GPUs with shipments scheduled for 2024, according to two people close to NVIDIA.
The A800 is reportedly a smaller version of NVIDIA's advanced A100 GPU designed for data centers.
Due to export restrictions imposed by Washington in 2022 to stifle Beijing's tech ambitions, Chinese tech companies can only buy A800s with lower data rates than A100s.
Chinese internet giants are rushing to stock up on A800 chips. Because the Biden administration is considering new export restrictions that will affect even weakened NVIDIA chips. In addition, the demand for it is growing due to the lack of a GPU.
For reference, on August 9, Washington announced that it would ban Americans from investing in Chinese quantum computing technology, advanced chips, and the artificial intelligence sector from next year.
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