Large Chinese online stores have already decided to cover their needs for NVIDIA chips until the end of 2024. The reason was the possible strengthening of sanctions by the United States.
What is known
US authorities have banned NVIDIA from exporting A100 and H100 graphics chips to China. The “green” company found a way out by creating less efficient A800 and H800 GPUs, respectively. Chinese Internet platforms have spent billions of dollars on them in anticipation of new sanctions.
Customers have paid $5 billion upfront to cover the need for the A800 and H800 by the end of next year. Specifically, Baidu, ByteDance, Tencent and Alibaba have spent $1 billion to acquire 100,000 units of the A800, which will begin shipping in 2024.
ByteDance has acquired 10,000 NVIDIA chips and is seeking a minimum of 700,000 more next year worth $700 million. The companies declined to comment on advance payment information, while NVIDIA said this payment structure is normal practice.
Source: Financial Times
2023-08-10 09:35:44
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