Tencent's president Martin Lau reassured investors that the company has a 'pretty strong stockpile of chips' acquired previously to deal with US chip restrictions.
Lau mentioned that Tencent can train its AI models 'for a few more generations' using the existing high-end chips it possesses.
The Trump administration imposed new export licensing restrictions on chips sold to China, with Nvidia expecting up to a $5.5 billion charge related to H20 chip inventory.
Analysts believe that the new chip sale restrictions will not hinder China's AI progress and could potentially benefit companies like Huawei.