Chinese companies including ByteDance, Alibaba Group and Tencent Holdings have placed at least $16 billion in orders for Nvidia's H20 server chips in the first three months of the year, the Information reported on Wednesday, citing two people with direct knowledge of the transactions. In February, Reuters first reported a surge in orders for the H20 - the most advanced AI processor legally available in China under U.S. export controls - driven by booming demand for Chinese startup DeepSeek's low-cost AI models.