Filings reviewed by Bloomberg describe a financing trail in which Semi-Tech Leasing Group Co. supplied capital to Glory View Technology Co. for purchases of more than 700 servers over roughly the preceding year. According to Bloomberg’s account, the documents point to more than 3 billion yuan in borrowing through May 2026. The materials do not establish an independently verified transaction record, but they identify the lender, borrower, financing amounts, server counts, and a limited set of equipment details.
The most consequential detail is also the narrowest one. The filings identify 32 Asustek Computer Inc. servers fitted with Nvidia B300 chips, a Blackwell-family product, rather than identifying the chips in every server financed under the arrangements. Bloomberg reported that U.S. regulations prohibit sales of such products to China without an explicit license. The filings do not establish whether a license existed, whether an export-control violation occurred, or who supplied the systems to the Chinese buyer.
The 32-Server B300 Entry Defines the Evidence
Glory View began entering financing contracts with Semi-Tech Leasing in August 2025, according to the filings described by Bloomberg and corroborated by The Edge Malaysia. One agreement involved 401 million yuan for 171 servers, repayable over 63 months. The reported contracts accumulated to more than 3 billion yuan for more than 700 servers by May 2026, but their server inventories did not provide chip contents for most of that equipment. The 32 Asus systems are therefore the specifically identified B300 portion of a much broader financing total.
The model number in that entry is XA NB3I-E12. ASUS product documentation describes that model as a 9U NVIDIA HGX B300 server configured with eight B300 GPUs and dual Intel Xeon 6 Scalable processors. The listed design also includes eight embedded CX8 InfiniBand connections, five PCIe slots, 32 DIMM slots, 10 NVMe drives, and dual 10Gb LAN. Those specifications clarify what the listed server model is designed to contain; they do not demonstrate that each reported unit was delivered, activated, or lawfully exported.
ASUS also lists NVLink bandwidth of 1,800GB/s, BlueField-3 DPUs, NVSwitch and networking components, and 5+5 80 PLUS Titanium power supplies for the platform. Its product page cautions that features and specifications can vary by model and that availability differs by market. That caveat matters because the filings’ equipment designation is evidence about a named configuration, not a full account of the systems’ final configuration, operating status, or movement through the supply chain.
The hardware specificity in the 32-server entry adds a financing dimension to EastFrontier’s earlier account of China’s AI industry reworking software around scarce Nvidia chips. The filings still do not reveal the chip contents of the remaining reported servers, preventing a reliable extrapolation from the named Asus equipment to the entire financed fleet.
A Local-Government-Controlled Lessor and a Filing Timeline
Semi-Tech Leasing’s corporate history adds a public-finance dimension to the reported arrangement. Bloomberg and The Edge Malaysia, citing Chinese registry information, reported that the company adopted its current name in June 2026 after operating as Sino IC Leasing Co. The China Integrated Circuit Industry Investment Fund, commonly called the Big Fund, established the lessor in 2015. The reporting says the fund later divested most of its holding and that local-government entities from Shenzhen, Beijing, and other places held the controlling share by 2020.
That ownership history should not be converted into a claim that a central-government company purchased the 32 systems. It does show why the lender has drawn attention in a case involving advanced Nvidia equipment. Quartz, citing Bloomberg, reported that Semi-Tech’s chairman said at a Shanghai financial conference in April that the company had directed more than 11 billion yuan toward China’s AI sector. The chairman’s statement is a company-leader claim reported by Quartz, not an independently audited total for AI investments.
Quartz also reported a notable shift in the paperwork. Bloomberg had obtained and reviewed unredacted regulatory filings in May and June. By the end of June, Semi-Tech had replaced them with redacted copies that removed server-model designations, specifications, supplier names, and installation locations. That sequence establishes when detailed information was publicly available and when it disappeared from the filings. It does not establish a reason for the redactions.
According to Quartz’s account of the filings, most of the servers, including the 32 identified Blackwell systems, were listed as deployed inside a China Mobile Ltd. data-center facility in Zhongwei, Ningxia. Quartz characterized Zhongwei as a municipality with official status as one of China’s national computing-cluster zones. A listing of deployment at the facility does not show that China Mobile bought, ordered, approved, or knew of the systems. China Mobile did not respond to a request for comment, according to the reports.
Export Licenses, Product Compliance, and Unanswered Questions
The documentary trail leaves important limits. Nvidia Corp. said it was examining the account and would work with its OEM customer on an investigation. Asus said it complies with applicable laws and export controls. Those company statements do not resolve the licensing status of the reported transaction. The Ministry of Industry and Information Technology, Semi-Tech Leasing, and Glory View also did not answer requests for comment, according to Bloomberg and The Edge Malaysia.
Product conformity is a separate issue from export authorization. NVIDIA’s DGX B300 compliance page states that no China certification is needed for the listed server because its rated current exceeds 6A, while separately providing a China RoHS material-content declaration. The page concerns electrical and product-conformity requirements, including categories such as FCC, CE, China Compulsory Certificate, and RoHS. It does not grant a U.S. export license or determine whether the Semi-Tech and Glory View arrangement was authorized.
The U.S. policy record likewise does not provide a B300-specific answer. On January 13, 2026, the Bureau of Industry and Security said applications for exports of Nvidia H200, AMD MI325X, and similar chips to China would be assessed case by case when specified security requirements were met. Those requirements included preserving semiconductor capacity for U.S. customers, Chinese purchaser compliance procedures and customer screening, plus independent U.S. third-party performance and security testing. The announcement does not name B300, so it cannot establish that the 32 reported systems qualified for, received, or lacked a license.
The episode arrives amid continuing uncertainty over China’s access to advanced accelerators, documented in EastFrontier’s coverage of Nvidia’s China chip denial. It also provides a different lens on the push to remove foreign chips from publicly financed facilities, a policy covered in China’s state-funded data-center chip order. Neither context changes the central evidentiary limit: reported filings tie a locally government-controlled lessor to financing for more than 700 servers and specifically identify 32 B300-equipped Asus systems, while the transaction’s legal and licensing status remains unresolved.