ByteDance, Alibaba and Tencent stockpile billions worth of Nvidia chips

ByteDance, Alibaba and Tencent stockpile billions worth of Nvidia chips ByteDance, Alibaba and Tencent stockpile billions worth of Nvidia chips

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.