Nvidia’s banned AI chips double in price on China’s black market, FT reports

Nvidia AI chips banned by the US have seen their prices double on the black market in China. According to reports from FT, the US crackdown on illicit exports has significantly increased the risks and difficulties associated with acquiring these processors. Consequently, obtaining the tech giant's hardware has become more expensive for buyers in the region as the supply chain faces stricter enforcement and heightened barriers to illegal trade and distribution.