Chinese state-backed Semi‑Tech Leasing finances restricted Nvidia Blackwell chip purchases for AI infrastructure
Semi‑Tech Leasing Group Co., a financing firm controlled by municipal governments in Shenzhen and Beijing, provided capital for Glory View Technology to buy restricted Nvidia B300 Blackwell AI chips. The deal covered more than 700 servers, including 32 Asustek servers equipped with the chips, and the hardware was installed in a China Mobile data centre in Ningxia. Nvidia and Asustek said they are investigating the transactions. The financing highlights gaps in U.S. export controls on advanced AI hardware.
Why it matters
Nvidia said it is looking into the report and will work with its OEM customer to investigate, which may affect the company's compliance reputation and expose it to regulatory scrutiny.
Key facts
- 1Semi‑Tech Leasing Group Co. financed purchases of restricted Nvidia B300 Blackwell chips for Glory View Technology. finance.yahoo.com
- 2The financing covered more than 700 servers totaling more than 3 billion yuan ($440 million). finance.yahoo.com
- 3One contract covered 32 Asustek Computer Inc. servers equipped with Nvidia's B300 chips. finance.yahoo.com
- 4Semi‑Tech Leasing has deployed more than 11 billion yuan into compute infrastructure. investing.com
- 5The servers were deployed inside a China Mobile Ltd. data centre in Zhongwei, Ningxia. finance.yahoo.com
- 6Semi‑Tech Leasing was founded in 2015 by China's state‑backed semiconductor fund, which divested the bulk of its stake in 2020. finance.yahoo.com
Summary written by AlphAI from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.