Nvidia B300 servers sell for $1 million in China, nearly double the US price

This article was published on April 30, 2026 Prices have surged from roughly 4 million yuan late last year to 7 million yuan ($1 million) today, driven by the Supermicro co-founder’s arrest, tighter enforcement, and voracious demand from Chinese AI companies unwilling to hold restricted hardware on their own books. NVIDIA’s B300 AI servers are now selling in China for approximately 7 million yuan, roughly $1 million per unit, nearly double their US list price of around $550,000, according to Reuters, which cited four industry sources. The near-doubling from around 4 million yuan late last year reflects a scarcity premium that has intensified sharply since early 2026, as a crackdown on chip smuggling closed the grey-market supply channel that had been a critical workaround for Chinese companies unable to purchase Nvidia hardware through official channels. Rental prices for B300 servers in China have also surged alongside sale prices, with short-term contracts reportedly reaching as high as 190,000 yuan per month, a figure that underlines the extremity of compute scarcity. Chinese technology companies are scrambling for the hardware needed to monetise their AI models and compete on i