Tencent says it stockpiled Nvidia chips but seeks Chinese replacements ...Middle East

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By Michelle Toh, CNN Hong Kong (CNN) — Tencent rushed to build up “one of the largest inventories of AI chips in China” before US export restrictions took hold, an executive said Wednesday. Martin Lau, president of the Chinese tech giant, told analysts on an earnings call that it had purchased components from Nvidia (NVDA) early, allowing it to keep developing its generative AI model for at least “a couple of generations.” “One of the key things that we have done was actually we were the first to put in orders for [the] H800, and that allows us to have a pretty good inventory,” Lau said. He added that Tencent was now scouting new suppliers within China “for these training chips.”

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