Markets·October 20, 2026 at 6:44 PM EDT·1 source
Chinese tech firms purchase more than $35 billion of Nvidia chips: Reuters
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News
What happened
- Alibaba, ByteDance and Tencent together ordered more than $35 billion worth of Nvidia chips, Reuters reported.
- The purchases show continued US-China technology ties despite efforts by both governments to separate their AI sectors.
- Beijing has proposed controls on AI technology exports, while the US has restricted exports and banned some Chinese AI from government devices.
Nvidia chip orders
more than $35 billion
Why it matters
The reported orders highlight sustained Chinese demand for US AI compute hardware despite tightening export controls and rising geopolitical scrutiny. This matters for technology and markets professionals tracking semiconductor exposure, supply chains and policy risk.
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Who is involved
Chinese tech firms purchase more than $35 billion of Nvidia c…AlibabaBABAByteDanceTencentNvidiaNVDA
Company
Sources (1)
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