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flag Chinese tech firms secured $12B in NVIDIA chip preorders before US sanctions, stocking up amid AI race.

flag Chinese tech giants Alibaba, Tencent, and ByteDance secured $12 billion worth of preorders for NVIDIA's H20 chips before the US imposed sanctions, allowing China to stockpile significant chip supplies. flag This move highlights China's heavy reliance on foreign semiconductors, having imported $385 billion worth in 2024, and underscores efforts to diversify suppliers and develop domestic AI hardware. flag Despite sanctions, analysts believe China's AI momentum will continue, with tech firms adopting various strategies to maintain their competitive edge.

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