According to a report from the information, Chinese tech giants are eager to place orders for at least $16 billion worth of NVIDIA H20 server chips.
Alibaba’s Beast and Tencent holders put the amount in the money in the first three months of the year, the report said.
In February, Reuters first reported H20 orders surge – The most advanced AI processors legally available under U.S. export controls, driven by the booming demand for the low-cost AI model of Chinese startup DeepSeek.
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The H20 is the main chip NVIDIA legally allowed to be sold in China and will be launched after the latest round of export restrictions came into effect in October 2023.
Washington – Biden administration – banned NVIDIA's most advanced bargaining chip exports to China more than two years ago due to concerns that China can use advanced technology to build its military capabilities.
U.S. President Donald Trump said he intends to impose a tariff of about 25% on imports of semiconductors and related products.
NVIDIA CEO Jensen Huang said the company had little short-term impact, but would produce production to the United States in the long run.
- Jim Pollard's additional editor Reuters
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