Key facts
- Nvidia's AI chips have more than doubled in price on China's black market.
- The price increase was reported by the Financial Times, citing chip traders.
- U.S. export controls restrict the sale of certain Nvidia chips to China.
Nvidia's high-performance AI chips, subject to U.S. export controls aimed at limiting China's technological advancement, have seen their prices surge on the black market. The Financial Times reported that these chips have more than doubled in price, according to multiple traders operating within China. Reuters was unable to immediately verify the report. The U.S. has implemented restrictions on the sale of advanced semiconductors to China, impacting companies like Nvidia, which are crucial for developing artificial intelligence capabilities.