China Weighs Allowing ByteDance and Alibaba to Buy New Nvidia Chips

China is considering permitting domestic tech giants Alibaba and ByteDance to purchase Nvidia's RTX Pro 5500 chips.

The Chinese government is weighing whether to permit domestic technology giants Alibaba and ByteDance to purchase new chips manufactured by Nvidia. This was reported by CNBC, citing a report by The Information, and by TradingView.

According to the reports, the hardware under consideration is Nvidia's new RTX Pro 5500 chips. Ukrainian outlet Mezha also reported on the potential approval.

At this stage, neither the companies nor authorities in Beijing have issued an official response to the reports, and further details have not yet been released.