Inside China's underground market for high-end Nvidia AI chips

  • 📰 Reuters
  • ⏱ Reading Time:
  • 48 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 97%

Business News News

Business Business Latest News,Business Business Headlines

Psst! Where can a Chinese buyer purchase top-end Nvidia AI chips in the wake of U.S. sanctions?

People enter the SEG E-Market at Huaqiangbei electronics market in Shenzhen, Guangdong province, China June 8, 2023. REUTERS/David KirtonAI chips in the wake of U.S. sanctions?

While buying or selling high-end U.S. chips is not illegal in China, U.S. export restrictions have created a de facto underground market with vendors keen not to draw scrutiny from either U.S. or Chinese authorities.to stop exporting its two most advanced chips - the A100 and the recently developed H100 - to mainland China and Hong Kong, part of efforts to stymie Chinese AI and supercomputing development amid intensifying political and trade tensions.

Reuters spoke with 10 vendors in Hong Kong and mainland China who described being able to easily procure small numbers of A100s. Their information highlighted both intense demand in China for the chips and the relative ease with which Washington's sanctions can be circumvented for small-batch transactions.

Nvidia said in a statement to Reuters it did not allow exports of the A100 or H100 to China, instead providing reduced-capability substitutes that comply with U.S. law.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Man turns himself in after accidental gun discharge injures 2 inside Redmond businessAuthorities say a man whose gun accidentally went off inside a Redmond business, leaving two people injured, turned himself into police on Friday. FOX13
Source: fox13seattle - 🏆 328. / 59 Read more »