Nvidia Chips: Chinese Buyers Desperate to Avoid Export Bans

The article discusses the high demand for Nvidia’s advanced chips in China, despite export restrictions imposed by the US government. Chinese buyers are reportedly taking desperate measures to acquire these chips, including using shell companies and third-party intermediaries to circumvent the bans. The restrictions aim to prevent China from accessing cutting-edge AI technology that could be used for military purposes. However, the demand remains strong due to the chips’ applications in areas like AI, data centers, and cloud computing. Chinese companies are willing to pay exorbitant prices on the gray market to obtain the chips. The article highlights the ongoing tensions between the US and China over technological supremacy and the potential implications for the global semiconductor industry.

Source: https://www.businessinsider.com/nvidia-chips-chinese-buyers-desperate-measures-avoid-export-bans-2024-7