China Approves Tech Firms to Order Nvidia AI Chips

Chinese officials have instructed major tech firms, including Alibaba Group Holding Ltd., to prepare orders for Nvidia Corp.'s H200 AI chips, indicating that Beijing is nearing formal approval for the import of these essential components for artificial intelligence. Regulators have granted in-principle approval for Alibaba, Tencent Holdings Ltd., and ByteDance Ltd. to advance to the next stage of preparations, allowing them to discuss specific order quantities.
