Chinese tech firms are paying roughly $1 million apiece for Nvidia’s (NASDAQ:NVDA) B300 servers, almost twice what U.S. buyers pay, as Washington’s export curbs and a fresh crackdown on chip smuggling choke off black-market supply, Reuters reported, citing four industry sources.

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Double The U.S. Price Tag

The B300 is fetching about 7 million yuan (roughly $1 million) per server in China, the report said, versus around $550,000 in the U.S., where prices have crept up from about $500,000 late last year.

In China, prices were closer to 4 million yuan late last year before the squeeze took hold.

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Buyers priced out of an outright purchase are turning to rentals, which Reuters said are running as high as 190,000 yuan ...