Markets·October 21, 2026 at 7:17 AM EDT·1 source
South Korean chip makers upgrade manufacturing in China
NVDA -0.6%BABA
NVDA · last 30 trading days-2.5% since the news
News
What happened
- Alibaba, ByteDance, and Tencent placed orders totaling $35 billion with US chipmaker Nvidia.
- Nvidia is already struggling to fulfill Chinese demand.
- South Korean chip makers are upgrading manufacturing in China.
Orders placed with Nvidia
$35 billion
Why it matters
The reported orders indicate strong Chinese demand for Nvidia chips and potential supply constraints, relevant to technology and semiconductor market watchers.
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Who is involved
South Korean chip makers upgrade manufacturing in ChinaNvidiaNVDAAlibabaBABAByteDanceTencent
Company
Sources (1)
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