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Market Chatter: Nvidia Chips Allegedly Brought Into China by AI Firm Sharetronic
Nvidia (NVDA) chips are suggested to have been brought into Shenzen-based computing firm Sharetronic Data Technology, despite their ban for sale into and within the Asian nation by the US government since 2022, Bloomberg reported Friday, citing records filed with the Chinese government.The records imply that Sharetronic obtained hundreds of Super Micro systems, which contain either Nvidia's H100 or H200 processors, valued at 632 million Chinese yuan ($92.6 million), according to the report.Sharetronic, which sets up AI data centers in China, said that it complies with regulations and assured investors that it does not have a business relationship with Super Micro, which saw one of its co-founders and two other people charged with diverting Nvidia chips to China, the report said.In an emailed statement to, Nvidia said it instructs customers not to provide "any controlled servers, support, or service" without US government approval. "Our strict diligence process led to prosecutions of would-be smugglers, and we continue to work with the government to enforce the rules," an Nvidia spokesperson said.(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.)Price: $188.83, Change: $+4.89, Percent Change: +2.66%
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