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.
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
Astroturfed@lemmy.world 10 months ago
Love china calling this economic coercion and bullying. It’s almost like they have experience with this behavior and can recognize it.
Proweruser@feddit.de 10 months ago
When has China engaged in this behaviour? I only know of price dumping. Outright sanctions would be news to me.