Chinese Tech Giants Ordered More Than $12 Billion Of NVIDIA’s H20 AI Chips Ahead Of Sanctions

According to a report from the Nikkei, Chinese technology giants Alibaba, Tencent and ByteDance had placed billions of dollars of orders for NVIDIA’s H20 GPUs ahead of the US restrictions on the chips announced earlier this month. The H20 is the latest NVIDIA chip to be sanctioned by the US government, but Nikkei’s sources report that Chinese firms had expected the restriction as early as last year and had prepared beforehand. As per one source, the total value of Chinese orders placed with NVIDIA exceeded $12 billion, with billions of dollars of the chips shipped to China before the restrictions…