Tencent can shoulder latest US tech export restrictions as internet giant has large stockpile of much-coveted Nvidia AI chips

  • Tencent has ‘enough chips’ for the development of its Hunyuan AI model, despite US tech export controls, according to company president Martin Lau
  • The internet giant was the first to put in orders for Nvidia’s H800 chip, which was designed for export to China to comply with earlier US restrictions

Iris Dengin Shenzhen
Tencent Holdings has one of the largest inventories of artificial intelligence chips in China, according to company president Martin Lau Chi-ping. Photo: Shutterstock
Chinese internet giant Tencent Holdings said it has sufficient inventory of Nvidia Corp’s H800 chip for the development of its artificial intelligence (AI) foundation model Hunyuan, downplaying the impact of the US government’s latest semiconductor restrictions, but indicated that it will seek domestic alternatives.
“We have enough chips to continue our development for Hunyuan for at least a couple more generations,” Tencent president Martin Lau Chi-ping said in a conference call with analysts on Wednesday after the Shenzhen-based company’s third-quarter earnings results announcement.
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