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China reportedly may let Alibaba and ByteDance buy new Nvidia chips

News Snapshot:

China’s government has signalled it may let firms such as Alibaba and ByteDance buy Nvidia’s new RTX Pro 5500 chip. The Information reported the news on Sunday, citing two people familiar with the matter. China’s tech ministry recently asked some firms how many of the chips they plan to buy, and what for, according to the report. The ministry told some of the companies it intends to approve the purchases. Reuters said it could not immediately verify the report, and TNW has not independently verified it. None of Nvidia, Alibaba, ByteDance or the ministry had commented publicly by Sunday. The RTX…

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