111
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)
this post was submitted on 11 Aug 2023
111 points (99.1% liked)
Technology
59554 readers
3910 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
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