Chinese state funds backed purchases of restricted Nvidia AI chips, report says

Investing.com — A Chinese state-backed financing entity has funded the purchase of restricted NVIDIA Corporation (NASDAQ:NVDA) processors, underscoring Beijing’s active role in facilitating access to advanced American technology despite strict export controls. The financial support signals a direct effort by local government entities to sustain China’s artificial intelligence ambitions, according to a report from Bloomberg News citing Chinese regulatory filings.

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The financing, provided by Semi-Tech Leasing Group Co., supported the purchase of more than 700 servers by AI infrastructure developer Glory View Technology Co. Filings with the People’s Bank of China cited by Bloomberg reveal that at least one transaction explicitly funded 32 Asustek Computer Inc. servers powered by Nvidia’s high-performance B300 Blackwell chips.

While the documented batch of Blackwell-equipped servers remains relatively small, the revelation highlights persistent gaps in Western trade restrictions designed to curb China’s technological progress. Nvidia told Bloomberg that it is investigating the matter with its equipment manufacturing partners, while Asus reiterated its commitment to international export control regulations.

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