Baidu, Tencent order Nvidia chips amid fears of new export controls, FT reports

Baidu (BIDU), Tencent (TCEHY), Alibaba (BABA), and ByteDance made orders worth $1B to acquire about 100,000 A800 processors from Nvidia (NVDA), amid concerns that the U.S. will soon clamp down on their export, The Financial Times’ Qianer Liu and Hannah Murphy report. Additionally, people familiar with the matter say the groups also bought a further $4B of the graphics processing units to be delivered in 2024. Due to export restrictions imposed by Washington last year, Chinese tech companies are only able to buy A800s, which have slower data transfer rates than A100s.