It is reported that China has increased subsidies, reducing energy bills by up to 50% for major data centers operated by tech giants like ByteDance, Alibaba, and Tencent. This initiative aims to support the domestic chip industry and counteract the impact of restrictions on purchasing Nvidia’s AI chips. The subsidies are particularly targeted at data centers powered by domestic semiconductors, which are often less energy-efficient than their foreign counterparts, leading to higher operational costs.
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