Biden
The Biden administration is restricting US investment in key Chinese tech.
  • Chinese tech giants including Alibaba have reportedly ordered $5 billion of Nvidia's microchips.
  • They may be afraid of losing access after the White House restricted US investment in Chinese tech.
  • The latest ban aims to limit the Chinese military's access to American technology and dollars. 

Chinese internet companies have rushed to order $5 billion of microchips from Nvidia, amid growing worries the US will restrict their access to US exports, the Financial Times reported on Wednesday.