In China, reduced electricity charges for companies using Chinese chips

The authorities of the People's Republic of China (PRC) have introduced a subsidy system aimed at reducing energy costs for large technology companies that will use Chinese chips in their data centers to develop artificial intelligence (AI) systems. This was reported on November 4 by the Financial Times (FT), citing informed sources.

"Local governments have stepped up incentive measures to help such Chinese technology giants, <...> which have faced rising electricity prices following Beijing's ban on buying Nvidia AI chips," the material says.

According to the newspaper, local authorities have strengthened support measures for leading IT corporations, which include ByteDance, Alibaba and Tencent. In a number of regions where the largest number of data centers are concentrated, in particular, in the provinces of Gansu, Guizhou and Inner Mongolia, subsidies have been approved to reduce energy costs by up to 50%, provided that companies use equipment manufactured in China.

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On October 26, Chinese Deputy Commerce Minister Li Chenggang, describing the two-day talks between representatives of Beijing and Washington that ended in Kuala Lumpur, noted that the Chinese delegation acted adamantly. He added that the parties were able to hold a constructive dialogue on the mutual settlement of issues of interest, including export control.

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