Nvidia Chips for Alibaba, ByteDance? China Reportedly Green Lights RTX PRO 5500 Amid US Curbs (UPDATED)

Editor’s note: The story has been updated to include a comment from Nvidia. China has reportedly considered allowing companies, including ByteDance and Alibaba Group Holdings (NYSE:BABA), to purchase Nvidia Corp’s (NASDAQ:NVDA) high-end RTX PRO 5500 chips. China Weighs Nvidia Chip Purchases China’s Ministry of Industry and Information Technology has asked major domestic companies to disclose their plans to purchase Nvidia’s RTX PRO 5500 processors, Reuters reported on Sunday (via The Information). The ministry reportedly informed some companies that Beijing intends to approve the purchases. Some industry executives expect the RTX PRO 5500 to fall outside U.S. export controls. Read Also: Jensen Huang Isn't 'Afraid' of Paying $8 Billion in California's Billionaire Tax: Nvidia CEO Says This Is What Scares Him Instead Nvidia Flags US and China Restrictions An Nvidia spokesperson told the publication that the company’s business in China remains constrained by both U.S. export controls and Beijing’s restrictions on American imports. "China’s domestic makers of workstation chips and cards have experienced unprecedented growth since 2022. U.S. firms continue to be restricted by a combination of outdated U.S. export controls, which cover gaming products released nearly a half a decade ago, and China’s own limits on U.S. imports,” a Nvidia spokesperson told Benzinga in an emailed statement. ByteDance and Alibaba did not immediately respond to Benzinga’s request for comment. The Donald Trump administration has cleared Nvidia to ship H200 AI chips to approved Chinese customers. However, the processors are an older-generation product and lag behind the company’s latest Blackwell chips in performance. According to Nvidia’s Form 10-Q, revenue from customers headquartered in China, including Hong Kong, fell to $4.55 billion in the first quarter from $9.66 billion a year earlier. Last week, President Trump hosted Chinese President Xi Jinping for a state dinner at the White House, attended by 134 guests, including Nvidia CEO Jensen Huang. Price Action: Nvidia shares closed at $225.07 on Friday, up 0.22%, according to Benzinga Pro. The stock was down 0.60% in overnight trading on Robinhood. Alibaba ADRs closed at $109.74, down 0.80 during Friday’s regular trading. Its Hong Kong-listed shares fell 1.01% to HKD 107.30 ($13.68). According to Benzinga Edge Rankings, Nvidia ranks in the 98th percentile for Growth, while its short-, medium- and long-term price trends remain positive. Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Read Also: SK Hynix's Solidigm Eyes $150 Billion IPO, Nvidia's GPU Demand Skyrockets and Disney+ Hikes Prices Again: This Week in AI Photo: Robert Way from Shutterstock