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Nvidia Banned AI Chips Double in Price on China's Black Market

6/24/2026

Nvidia's restricted artificial intelligence processors are selling for twice their previous prices on China's black market, as a stepped-up U.S.

crackdown on illicit semiconductor exports has made acquiring the chips riskier, harder and more expensive for buyers seeking to circumvent trade controls.

A Crackdown That Is Working — at a Cost The doubling in black-market prices is a direct measure of how much friction the U.S. export enforcement effort has introduced into the supply chain.

When a good becomes harder to move, its price rises; the premium now visible in China's gray and black markets signals that smugglers and intermediaries are commanding a larger cut to compensate for greater legal and logistical risk.

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