China's Tech Giants Turning to Homegrown Chips

So, get this - it looks like China's huge tech companies are starting to use chips made right there in China. Apparently, they're running low on those Nvidia chips, you know? And the US keeps making it harder to get 'em.
The Financial Times said that companies like Alibaba, Tencent, and Baidu are already trying out these new homegrown chips. This is all cause there's a ton of demand for AI stuff in China now.
I mean, Reuters couldn't actually check this out right away, so idk how solid the info is yet. But if it's true, it's kind of a big deal, right?