At least $1 billion worth of Nvidia’s advanced artificial intelligence processors were smuggled into China in the three months following the tightening of chip export controls by the Trump administration.
The Financial Times reports that despite efforts by the Trump administration to curb China’s high-tech ambitions through tightened export controls, a roaring black market for U.S. semiconductors has emerged, with Nvidia’s B200 chip becoming the most sought-after and widely available processor in China.
The Financial Times analysis, based on dozens of sales contracts, company filings, and interviews with multiple people directly involved in…
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