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Chinese State-Backed Firm Funded Purchase of Nvidia Chips
TL;DRChinese state company financed restricted Nvidia chip purchases despite U.S. export controls.
Why it matters: Suggests potential workarounds to U.S. semiconductor restrictions designed to limit China's AI capabilities.
A state-backed Chinese financing company has revealed in documents filed with regulators that it funded the purchase of Nvidia chips subject to U.S. export restrictions, Bloomberg reported on Friday. Semi-Tech Leasing Group, owned by several local government entities, has…
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