Chinese tech firms reportedly rushing to secure more Nvidia chip capacity amid fears that spy scandal would spur tighter

Well, talk about a scandal sending everyone scrambling for the exits.

Except in this case, Chinese tech firms aren't exactly looking to leave the party.

Instead, they're trying to grab as much Nvidia computing power as they can before Washington potentially slams the door shut.Reuters is reporting that AI companies in China are looking to secure more Nvidia-powered cloud computing capacity at overseas data centres, fearing that the controversy surrounding CEO Jensen Huang could accelerate tougher US restrictions, citing three people familiar with the matter.The sources noted that a major Chinese cloud provider has reportedly discussed locking in overseas capacity, while smaller AI firms are exploring similar arrangements - particularly in Southeast Asia.And there's good reason that Chinese tech firms are getting nervous here.

For some context, the US already restricts China's access to Nvidia's most advanced AI chips.

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