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TENCENT, BABA, Other CN Firms Reportedly Raise Orders for H20 Chip
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Chinese companies such as TENCENT (00700.HK), BABA-W (09988.HK) and ByteDance are increasing their orders for Nvidia (NVDA.US)'s H20 AI chip on soaring demand for DeepSeek's low-cost AI models, Reuters quoted sources as saying. The H20 chip is designed specifically for the China market in response to US export controls, but it is rumored that the US government is considering imposing restrictions on the sale of the H20 chip to China, which could be one of the reasons for the surge in orders for H20 chip. AAStocks Financial News |
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