China AI projects built on restricted Nvidia chips: $3.2B exposed

Reuters reviewed more than 150 Chinese procurement notices, investment plans, construction contracts and corporate disclosures and identified computing projects with a combined reported value exceeding 23 billion yuan, or $3.2 billion, built around Nvidia processors the company says it can no longer sell into China. The finding, published November 13, is a measure of how far the AI buildout has moved past the legal sales channel: Nvidia's August filing said export controls effectively shut it out of China's data-centre market, yet the paper trail shows local governments, state-owned engineering groups and developers still writing H100 and H200 chips into specifications.

Key Takeaways Reuters…