ByteDance, Alibaba, And Tencent Order $16 Billion Worth Of Nvidia's H20 Chips As Demand Surges For DeepSeek's Low-Cost AI Models: Report
Benzinga (Thu, 03-Apr 12:54 AM)
Chinese tech giants ByteDance, Alibaba Group (NYSE:BABA), and Tencent Holdings (OTC:TCEHY) have reportedly placed over $16 billion in orders for Nvidia Corporation’s (NASDAQ:NVDA) H20 server chips in the first quarter of 2025.
What Happened: ByteDance, Alibaba, and Tencent are collectively investing billions in Nvidia's H20 server chips, the most advanced AI processor legally available in China under U.S. export restrictions, reported Reuters (via The Information).
The surge in orders comes after the rise of DeepSeek, a Chinese AI startup known for its affordable AI models that have contributed to the high demand for Nvidia’s H20 chips.
