this post was submitted on 11 Aug 2023
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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
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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.

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[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