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Market Chatter: China to Allow AI Firms to Buy Nvidia's H200 Chips But With Limits

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China plans to grant major artificial intelligence firms permission to purchase a limited amount of Nvidia's H200 chips, Bloomberg News reported Wednesday, citing a report from The Information.

Companies such as Alibaba (HKG:9988), DeepSeek and ByteDance will able to buy some of the chips, but would need to mention the amount of the processors they need and the reason for buying them, the report said.

In a statement sent through email, Chinese Embassy's spokesperson, Liu Chang, said China's stance on U.S. chip exports has been consistent.

"We stand ready to work with all parties to jointly safeguard the stability of global industrial and supply chains," Liu said.

Nvidia is yet to reply to' request for comment, as well as Alibaba, DeepSeek and ByteDance.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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