this post was submitted on 11 Aug 2023
99 points (99.0% liked)

Technology

73232 readers
4980 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related news or articles.
  3. Be excellent to each other!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
  9. Check for duplicates before posting, duplicates may be removed
  10. Accounts 7 days and younger will have their posts automatically removed.

Approved Bots

founded 2 years ago
MODERATORS
L3s@lemmy.world
enu@lemmy.world
technopagan@lemmy.world
L4s@lemmy.world
L3s@hackingne.ws
L4s@hackingne.ws
99
China's tech titans scramble to buy $5 billion of Nvidia chips as US bans investment in key Chinese sectors, report says (markets.businessinsider.com)
submitted 2 years ago by L4s@lemmy.world to c/technology@lemmy.world
2 comments fedilink hide all child comments
 

China's tech titans scramble to buy $5 billion of Nvidia chips as US bans investment in key Chinese sectors, report says::Alibaba, TikTok-owner Bytedance, and other Chinese tech giants have reportedly rushed to order Nvidia chips as US-China trade tensions mount.

top 2 comments
sorted by: hot top controversial new old
[โ€“] Astroturfed@lemmy.world 10 points 2 years ago

Love china calling this economic coercion and bullying. It's almost like they have experience with this behavior and can recognize it.

[โ€“] valveman@lemmy.eco.br 1 points 2 years ago

Genuine question: what's the real problem? As a non-american, I can't get it.

I mean, it's not like they're smuggling these chips to China, but doing a legitimate acquisition. Don't want them to get access to U.S. tech? Simply don't sell it to any other country that buys/sells to China, since they could trade or resell those chips to them. Also, AFAIK most international trades are done using U.S. dollars, so limiting U.S. companies from trading won't solve the problem.

I'm not an economist, so feel free to correct me