ByteDance, Alibaba, and Tencent ordered 16 billion USD in Nvidia H20 server chips. These chips are essential for running various AI programs due to the popularity of DeepSeek AI models.
U.S. Restrictions on chip exports to China, aimed at preventing military applications of AI, may lead to future shortages of H20 chips, which could hinder AI project progress for Chinese firms.
Despite challenges, Nvidia reported 17.11 billion USD in revenue from China, including Hong Kong, showcasing the ongoing demand for its products in the region.
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