Nvidia Chips Pile Up in Hong Kong
About 600000 Nvidia AI chips are stored in Hong Kong awaiting shipment to mainland China. Beijing is withholding large-scale import approvals to limit reliance on US technology despite surging demand.
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About 600,000 advanced artificial intelligence chips from NVIDIA CORP are stored in Hong Kong awaiting shipment to mainland China, two people familiar with the matter said on November 5. Beijing is withholding approval for large-scale imports despite surging demand from technology firms. The undisclosed stockpile reflects Beijing's reluctance to increase reliance on United States technology. Chinese companies need the computing power to meet high demand in the world's second-largest economy.
