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Nvidia Reportedly Designing New AI Chips For Alibaba, ByteDance, Tencent After Jensen Huang-Led Company Warned US Export Ban On H20 Could Cost $5.5 Billion

Benzinga LogoBenzinga1d ago

Nvidia Reportedly Designing New AI Chips For Alibaba, ByteDance, Tencent After Jensen Huang-Led Company Warned US Export Ban On H20 Could Cost $5.5 Billion - Benzinga

Quick Summary:

What Happened: Nvidia has informed key Chinese customers — including Alibaba Group (NYSE:BABA), ByteDance and Tencent Holdings (OTC:TCEHY) — that it is working on new AI chip designs tailored to comply with U.S.export regulations, reported Reuters, citing The Information on Friday.

Nvidia Corporation (NASDAQ:NVDA) is reportedly developing redesigned artificial intelligence chips for major Chinese tech firms after warning that tightened U.S.export restrictions on its H20 chip could lead to multibillion-dollar losses.

Nvidia CEO Jensen Huang discussed the new plans with customers during a mid-April trip to Beijing, the report noted, citing three people involved in the conversation.

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Nvidia Reportedly Designing New AI Chips For Alibaba, ByteDance, Tencent After Jensen Huang-Led Company Warned US Export Ban On H20 Could Cost $5.5 Billion - Benzinga (Picture 1)

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Article Details

Author / Journalist: Ananya Gairola

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-03 @ 03:26:41 (1 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 495 words

Reading Time: 3 minutes read

Sentences: 24 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 28327421

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Main Topics: Technology

Official Website: benzinga.com

Year Established: 2010

Headquarters: United States

News Last Updated: 1 days ago

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Publisher ID: #53

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