China signals it may allow ByteDance and Alibaba to buy Nvidia's RTX PRO 5500 chips

The Chinese government has signaled it may allow domestic companies like ByteDance and Alibaba to buy Nvidia's RTX PRO 5500 chip, a high-end professional computer chip. The Information reported on Sunday that China's Ministry of Industry and Information Technology asked these companies to report their purchase plans and indicated approval is likely. Some industry executives expect the chip to avoid US export restrictions. Reuters could not verify the report, and Nvidia, Alibaba, and ByteDance have not commented.