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ByteDance, Alibaba and Tencent stockpile billions worth of Nvidia chips

SemiconductorsChinese internet giants aimed to snap up 1 million H20s before latest US curbsNvidia says the U.S.'s latest restrictions on shipping its H20 chips to China will benefit its competitors as Chinese customers seek domestic and other alternatives. (Photo by Kaori Yuzawa) TAIPEI/HONG KONG -- China's top internet companies have stockpiled billions of dollars' worth of Nvidia's H20 artificial intelligence chips this year before the U.S. cut off shipments of the components in April, Nikkei...

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