China Ai Firm Reveals $92m of Banned Nvidia Chip Servers: Report (nvda:Nasdaq)
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4 Articles
Bloomberg report: Sharetronic shares plunge after US charges Super Micro co-founder over Nvidia AI chip smuggling to China.
China AI Firm Discloses $92 Million of Banned Nvidia Chip Servers to Beijing
(Bloomberg) — Hours after the United States charged a Super Micro Computer Inc. co-founder with illegally smuggling billions of dollars’ worth of Nvidia Corp. AI chips to China, shares of a little-known Shenzhen-based computing company plummeted by the daily limit of 20%.
Chinese Nvidia Cloud Partner procured 300 servers with banned AI GPUs worth $92 million — shares of data center supplier Sharetronic plummet following Super Micro smuggling arrest
Publicly available documents reveal that a Chinese AI data center company sold servers that were designed for Nvidia H100 chips despite the U.S. export ban.
A Chinese infrastructure company for AI was put under pressure following the disclosure of official documents aimed at purchasing and selling Super Micro servers with restricted Nvidia chips. The case revives doubts about the effectiveness of US export controls and about how advanced hardware continues to flow to China. *** Documents reviewed by Bloomberg describe sales of 276 Super Micro servers valued at USD 92 million. The aforementioned syst…
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