US accused of approving Nvidia chip sales to shell Chinese companies
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According to The New York Times, the US government approved the sale of Nvidia H200 AI chips to companies linked to Chinese blacklisted entities, and the approved New Matrix office space was vacant, with no record of it in the park's property management or company directory. The report said this is not an isolated oversight but a widespread phenomenon in which companies linked to entities subject to national security trade restrictions are approved to purchase Nvidia chips. In the background, Nvidia was restricted from selling chips to China during the Biden era, and the Trump administration relaxed the restrictions after it agreed to hand over 15% of sales.
AI overview based on source reports · Updated 11 min ago
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- The Verge · AIThe US let Nvidia sell chips to an empty office in China
The New York Times reports that New Matrix, an approved buyer of Nvidia's H200 AI chips, has empty offices and little evidence of real operations, and its owners are tied to a Chinese private equity firm blacklisted by the US since 2024. The report describes this as part of a pattern of firms connected to entities under national-security trade restrictions being cleared to buy Nvidia chips. Nvidia had been restricted from selling chips to China under Biden, but the Trump administration relaxed the limits after Nvidia agreed to give the government a 15-percent cut of all sales.
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