China has increased subsidies that cut energy bills by up to half for some of the country’s largest data centres, the Financial Times reported on Monday, citing people familiar with the matter. Local governments have beefed up incentives to help Chinese tech giants such as ByteDance, Alibaba, Tencent, which have been hit with higher electricity costs following Beijing’s ban on purchasing Nvidia’s artificial intelligence chips, the newspaper reported.

Full story : China offers to cut data center power bills by up to 50% for Alibaba, ByteDance, and others if they use domestic chips like Huawei’s over foreign ones