China Financing Chain Linked to Nvidia Blackwell Chips, 32 Asus Servers Exposed

China financing chain linked to Nvidia Blackwell chips, 32 Asus servers exposed

A China-backed leasing firm appears to have helped Chinese companies buy restricted Nvidia Blackwell platform chips through financial leasing, according to a recent report. The transactions involved 32 Asus servers equipped with B300 chips, highlighting how US export controls face circumvention risks through finance and supply-chain channels.

Chinese State-Backed Firm Disclosed Nvidia Blackwell Chips Deal

A Chinese financing company owned by several local government entities has funded the purchase of restricted Nvidia Corp. chips, according to documents filed with Beijing regulators, suggesting state support for an illicit trade that Washington worries is fueling China’s AI progress.

Chinese state-backed lender financed Nvidia Blackwell chip purchases for a listed firm

A Chinese financing firm backed by the governments of Shenzhen and Beijing funded the purchase of servers built around Nvidia's restricted B300 Blackwell chip, according to filings reviewed by Bloomberg. After scrutiny began, the lender refiled the paperwork with the hardware details stripped out.

Chinese state-backed lender financed servers packed with restricted Nvidia chips

The event highlights the challenges of enforcing export controls, potentially necessitating stricter financial scrutiny to curb circumvention.