TikTok’s parent company ByteDance plans to buy Nvidia chips in 2025, despite US restrictions on their direct supply to China.
Author:
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As The Information learned from an anonymous company insider, ByteDance plans to spend $7 billion on Nvidia chips in 2025. If it achieves this, it will become one of the largest owners of this manufacturer’s chips in the world, despite US attempts to restrict Chinese companies from purchasing US chips for artificial intelligence.
In 2022, the United States announced certain types of artificial intelligence chips in countries such as China, where ByteDance is based. Since then these restrictions
ByteDance formally complies with the increasingly strict restrictions, taking advantage of a legal loophole that all Russians already know: the company does not import chips directly to China, but stores them in data centers located in other regions, for example in Southeast Asia . Technically and legally this does not violate US restrictions.
Author:
Ekaterina Alipova
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
