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00:02China approved purchases of NVIDIA's HTT...
00:05200 artificial intelligence chips by ByteDance, Alibaba, and Tencent, according to...
00:10Reuters.
00:11The move marks a shift as Beijing balances AI demand with domestic
00:15semiconductor development.
00:16The three companies received approval to buy more than 400,000 chips
00:20in total, while other firms are seeking subsequent approvals.
00:23The approvals were granted during...
00:25NVIDIA CEO Jensen Huang's visit to China.
00:28Sources said the licenses include...
00:30...additions that are still being finalized.
00:32And one source said the restrictions have slowed conversions to purchase...
00:35U.S. authorities earlier cleared H-200 exports to China, but China...
00:40...the Chinese regulators retained final approval.
00:42Beijing has discussed tying imports to quotas for domestic...
00:45...chips and has told companies to buy foreign chips only when necessary.
00:48For all things money...
00:50...visit Benzinga.com.
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