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Investing.com -- Chinese tech giants ByteDance and Tencent (HK:0700) are submitting applications to purchase Nvidia (NASDAQ:NVDA)’s H20 chips, according to people familiar with the matter.
The process requires Nvidia to obtain approval from the US government regarding which Chinese companies can purchase these chips. The semiconductor manufacturer would need specific authorization before completing any sales to these firms.
ByteDance, the parent company of TikTok, and Tencent, which operates WeChat and various gaming platforms, are among the Chinese technology companies seeking access to Nvidia’s specialized chips.
When contacted about the applications and a potential "whitelist" of approved Chinese companies, Nvidia did not provide a response. Similarly, ByteDance and Tencent did not respond to requests for comment on their applications. The White House also offered no comment on the matter.
The situation highlights ongoing tensions surrounding technology transfers between the United States and China, particularly regarding advanced semiconductor technology.
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