ByteDance, Alibaba and Tencent order $35 billion of Nvidia chips: Reuters

Investing.com -- Nvidia told customers it cannot guarantee fulfilling orders for its RTX PRO 5500 graphics cards as demand from Chinese technology companies surpasses planned production capacity, according to Reuters.

ByteDance, Alibaba Group, and Tencent ordered more than 3 million RTX PRO 5500 cards with a combined value exceeding $35 billion, the report added. The cards are priced at approximately $11,400 each.

The RTX PRO 5500 ranks among the most powerful Nvidia chips available to Chinese buyers under current U.S. export restrictions.

Nvidia's Blackwell-based B300 data-center chip cannot be sold to Chinese buyers under U.S. export controls. Exports of the Hopper-based H200 chip require case-by-case review and licensing conditions.

The report also said Nvidia informed partners they might receive only 5% to 10% of requested quantities. The company indicated it could produce no more than 3 million RTX PRO 5500 cards globally in 2027.

Total orders from customers in China exceeded 6 million units, according to Reuters.

Original Article

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