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China weighs allowing ByteDance, Alibaba to buy new Nvidia chips, report says

News Snapshot:

The Chinese government has signaled it could allow some domestic companies like ByteDance and Alibaba to buy Nvidia’s chip built for high-end professional computers, The Information reported on Sept 27, citing two people familiar with the matter.China’s Ministry of Industry and Information Technology recently asked companies including ByteDance and Alibaba to report their plans to purchase Nvidia’s RTX PRO 5500 chips, according to the report.The ministry told some Chinese companies the government intends to approve the purchases, The Information report said, adding some industry executives expect the RTX PRO 5500 chip to avoid US export restrictions.Reuters could not immediately verify…

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