Chinese state institutions have acquired banned Nvidia AI chips despite the US export ban.

Entities like Harbin Institute of Technology, University of Electronic Science and Technology of China and Tsinghua University have secured these chips through various channels.

Channels include acquiring excess stock from large shipments to US companies or importing them through other countries like India, Taiwan, and Singapore.

The US is planning more restrictions on chip exports due to national security concerns, but there are concerns about impact on US companies' competitiveness.

Despite the ban, Nvidia's stock has significantly increased with analysts maintaining a positive outlook.