Financial Times is reporting that $1 billion worth of NVIDIA AI chips were smuggled into China in the three months after the Trump administration tightened semiconductor export controls. Citing sales contracts,

Demand in China is soaring for the repair of banned Nvidia (NASDAQ: NVDA) artificial intelligence chipsets, including H100 and A100 GPUs, despite U.S. export restrictions aimed at curbing Chinese technological and

As the top chip company, Nvidia's chips are in high demand from the largest companies, like Amazon and Microsoft, that are building out huge AI businesses. They themselves are serving other giants with AI tools and services in partnership with Nvidia, offering access to the chipmaker's powerful technology.