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Chinese State-Backed Firm Disclosed Nvidia Blackwell Chips Deal

Bloomberg Technology Thursday 01 October 2026, 21:00 UTC By Andy Lin 1 min read
Key Points

A Chinese financing company owned by several local government entities has funded the purchase of restricted Nvidia Corp. chips, according to documents filed with Beijing regulators, suggesting state support for an illicit trade that Washington worries is fueling China’s AI progress.

A Chinese financing company owned by several local government entities has funded the purchase of restricted Nvidia Corp. chips, according to documents filed with Beijing regulators, suggesting state support for an illicit trade that Washington worries is fueling China’s AI progress.
Chinese State (ORG) Nvidia Blackwell Chips (ORG) Chinese (ORG) Nvidia Corp. (ORG) Beijing (LOCATION) Washington (LOCATION) China (LOCATION)
Originally published by Bloomberg Technology Read original →

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