Market Chatter: US Reviewing Chinese Firms' Offshore Access to Nvidia Chips

MT Newswires Live08-07 23:04

The Commerce Department's Bureau of Industry and Security is reviewing how Chinese AI firms acquire Nvidia (NVDA) chips by renting computing power located in other countries, Bloomberg reported Friday, citing people familiar with the matter.

The agency effort involves the compilation of a list of countries with alleged black markets moving restricted Nvidia chips physically into China, the report said, citing the people. The division will also compile a list of countries where Chinese companies access the chips remotely, the people told Bloomberg.

The Commerce Department didn't immediately reply to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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