Chinese tech giants order US$35 billion of Nvidia chips

Combined value of the orders

35+ US$ billion

ByteDance, Alibaba and Tencent ordered more than three million RTX PRO 5500 cards, at about US$11,400 each.

The workstation chip is less powerful, but it is among the best Nvidia models Chinese buyers can still get under US export controls.

Supply squeeze

Nvidia has told customers it cannot fill the orders, and some partners may receive only five to 10 per cent of what they asked for.