China May Permit Alibaba to Buy New Nvidia Chips; MIIT Requests Purchase Plans

China's Ministry of Industry and Information Technology has asked companies to report plans to acquire Nvidia processors, signaling a possible easing of restrictions on high-end chip purchases for firms like Alibaba. The move suggests a shift in China's tech policy, potentially allowing access to advanced AI chips despite US export controls. If confirmed, this would mark a significant reversal in China's stance, boosting domestic AI capabilities and impacting global semiconductor supply chains.