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Benzinga
Benzinga
Business
Namrata Sen

Nvidia AI Chips Worth $1 Billion Flood China's Black Market After Trump's Export Curbs: 'It's Like A Seafood Market'

Nvidia China Jensen Huang NVDA United States Donald Trump
In,This,Photo,The,Logo,Of,Nvidia,With,The,Ceo

Nvidia Corp.’s (NASDAQ:NVDA) advanced AI processors worth over $1 billion were reportedly smuggled to China after the U.S. government’s efforts to restrict chip exports.

What Happened: The shipments took place within three months of President Donald Trump’s tightened export controls. The B200, a chip widely used by U.S. tech giants for their AI systems, was the most sought-after chip in China’s black market for American semiconductors, according to a report by the Financial Times on Thursday.

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