Chinese firms buy over 1 million Nvidia chips as AI demand surges
- Chinese companies have bought more than a million Nvidia gaming and workstation chips so far this year.
- US rules bar Nvidia from selling its best AI chips to China, so firms buy lower-grade ones that are still allowed.
- China doubled its own chip output this year, but supply of 3.5 million falls short of the five million needed.
- The gap is set to widen, with demand possibly crossing 10 million units next year as firms expand their AI work.
Source: moneycontrol.com
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