China plans to permit its firms to buy Nvidia's advanced chips

The Chinese government has reportedly indicated that companies such as Alibaba and ByteDance may be permitted to purchase the advanced graphics chips, the RTX Pro 5500, from Nvidia, according to sources. China's Ministry of Industry and Information Technology has asked certain companies to provide information about their plans to buy and employ these chips and has informed them that approval for the purchases might be granted, amid US and Chinese restrictions on the export and sale of Nvidia chips in China, in the context of ongoing bilateral tensions related to security and artificial intelligence.

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