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Nikkei Asia: China's AI chip shortage intensifies, with Alibaba, ByteDance, and Tencent's capital expenditures expected to double to $104 billion this year.
Nikkei Asia reports that China's domestic AI chip production has doubled this year but still cannot meet surging demand. Total demand is expected to far exceed 5 million units this year, while domestic supply is only about 3.5 million units. Chinese tech giants such as Alibaba, ByteDance, and Tencent are expected to double their capital expenditure to approximately 700 billion yuan (about $104 billion) this year to meet AI development needs. To bridge the gap, these companies have procured over 1 million NVIDIA gaming and workstation chips that comply with U.S. export controls.
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