A decree being finalised would require renewable electricity, rigorous environmental review and cooling that avoids fresh water or secures non-competing supplies, as a development pipeline above 2.6 GW tests grids and local resources.
The signed deal carries $600 million cash at closing plus up to $175 million tied to revenue milestones; Ferric’s integrated voltage regulators can cut board area 50%–70%, but closing, customer adoption and a raised 2030 revenue target remain prospective.
A reported five-year, $7 billion lease would have provided Tencent access to about 100,000 advanced chips in Southeast Asia, but US and Chinese political pressure appears to have closed a route designed around export restrictions.
