US Approved Nvidia H200 Sales to 17-Month-Old Chinese Firm With Blacklisted Ties
Updated
Updated · The Verge · Nov 7
US Approved Nvidia H200 Sales to 17-Month-Old Chinese Firm With Blacklisted Ties
2 articles · Updated · The Verge · Nov 7
Summary
New Matrix—cleared to buy Nvidia H200 AI chips—appears to have little real-world presence: the New York Times found an empty office, no listing in the building directory, and no record with the industrial park manager.
Only scant online information exists for the 17-month-old company, while its owners are tied to a Chinese private equity firm the US blacklisted in 2024, intensifying questions about Commerce Department and Nvidia vetting.
The report says New Matrix is part of a broader pattern in which Chinese buyers linked to entities under national-security trade restrictions were still approved to purchase Nvidia chips.
Those approvals followed a Trump administration rollback of Biden-era curbs on Nvidia's China sales after Nvidia agreed to give the US government a 15% cut of the sales.