The US Approved Nvidia Chip Sales to a Chinese Firm With Empty Offices

What happened

The US government approved sales of Nvidia H200 chips to New Matrix, a Chinese firm whose listed offices were empty, according to The New York Times. The Times found little evidence the company operated meaningfully and reported that its owners have ties to a Chinese private equity firm blacklisted by the US since 2024. The report describes this as part of a broader pattern of approvals for firms connected to restricted entities.

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The story so far

The US government approved sales of Nvidia H200 chips to New Matrix, a Chinese firm whose listed offices were empty, according to The New York Times. The Times found little evidence that New Matrix operated meaningfully and reported that its owners have ties to a Chinese private equity firm the US has blacklisted since 2024. The approval is part of a broader pattern of sales approvals to firms connected to restricted entities, the report said.