RTX

The US Department of War has awarded RTX a $20.7 billion contract to accelerate production of the Advanced Medium-Range Air-to-Air Missile (AMRAAM). The deal is intended to expand manufacturing capacity and replenish stockpiles of the air-to-air missile, which is widely used by US and allied forces. The announcement underscores continued heavy US investment in munitions production.

Reports indicate China may permit ByteDance and Alibaba to purchase Nvidia's RTX PRO 5500 chips, a possible easing of restrictions on access to advanced Nvidia hardware. The news drew attention because it concerns which Chinese tech giants can obtain powerful AI-capable chips amid ongoing US-China tensions over semiconductor export controls. Details on timing and conditions of any approval were not provided.

Alibaba is reportedly close to receiving Chinese approval to purchase Nvidia's RTX Pro 5500 chips for use in its data centers. The move would give the Chinese tech giant access to advanced US-made graphics processors amid tight export controls. Investors are watching closely, since approval would signal a partial easing of restrictions on high-end chip sales to Chinese companies.

Chinese regulators may approve Alibaba's purchase of Nvidia RTX chips, according to a report by The Information picked up by Bloomberg. The potential approval would mark a notable shift in China's stance on Nvidia products amid ongoing US-China tensions over semiconductor exports. The report was among the most-read business stories globally.

Reports say Chinese authorities have approved Nvidia's RTX PRO 5500 chip for use by companies including Alibaba and ByteDance, despite ongoing US export restrictions on advanced semiconductors. The move would let major Chinese tech firms access Nvidia hardware at a time when Washington continues to limit what AI chips can legally reach the Chinese market.