Overview

• At least $1 billion worth of high-end B200, H100 and H200 processors entered China through grey-market channels since April, despite U.S. bans
• Distributors in Guangdong, Zhejiang and Anhui provinces sold prebuilt Nvidia server racks to local data centers, according to sales contracts and filings
• Shenzhen-based repair firms say they now service up to 500 smuggled Nvidia chips per month, underscoring the diversion’s scale
• The Commerce Department is examining new restrictions on Southeast Asian transit hubs such as Thailand and Malaysia ahead of a September review
• Nvidia maintains it has seen no evidence of official product diversion and warns that unauthorized deployments lack technical support and economic viability