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China's Hidden Market for Nvidia AI Chips Exposed
Chinese suppliers are profiting from the rising demand for premium Nvidia chips.
There are 100 chips produced by US chip designer Nvidia, according to unnamed vendors.
Each unit costing US$20,000
Although purchasing/selling premium US chips in China is lawful, US export restrictions have created an underground industry.
In an effort to hinder Chinese AI, President Joe Biden's administration started the export restrictions.
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