ByteDance, Alibaba and Tencent stockpile billions worth of Nvidia chips

Chinese internet giants aimed to snap up 1 million H20s before latest US curbs

20250422 Nvidia

Nvidia says the U.S.'s latest restrictions on shipping its H20 chips to China will benefit its competitors as Chinese customers seek domestic and other alternatives. (Photo by Kaori Yuzawa) 

CHENG TING-FANG, LAULY LI and CISSY ZHOU

TAIPEI/HONG KONG -- China's top internet companies have stockpiled billions of dollars' worth of Nvidia's H20 artificial intelligence chips this year before the U.S. cut off shipments of the components in April, Nikkei Asia has learned.

The H20 graphic processing unit (GPU) was specifically designed for sale in the Chinese market to comply with U.S. export controls, but ByteDance, Alibaba and Tencent began preparing last year for the possibility that Washington could curb their shipments, too, sources said.

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