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Trump's Nvidia chip deal with China raises security concerns over approved buyers

Recent checks found approved buyers with empty offices and links to blacklisted firms, raising questions about Commerce Department vetting, officials said.

  • An investigation by The New York Times revealed that New Matrix, a firm authorized to assemble Nvidia H200 chips, lists a vacant Beijing office address with exposed wiring and no company records.
  • The Trump administration authorized Nvidia to sell H200 processors to China in December 2025, reversing prior restrictions and requiring chips to pass through the United States for a 25% tariff.
  • Corporate records link New Matrix owners to Wise Road, a private equity firm the United States blacklisted in 2024 for allegedly helping Beijing acquire sensitive semiconductor technologies.
  • Liza Tobin, former China director for the White House National Security Council, questioned the administration's due diligence, noting that other approved firms like Maginfra also appear deserted.
  • The Commerce Department defended its licensing process, stating it carefully reviews national security risks and hired more than 90 enforcement officers in 2026 to strengthen technology oversight.
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The Seattle TimesThe Seattle Times
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U.S. Cleared Nvidia Chips to Chinese Firms With Empty Offices and Troubling Ties

Only scant information can be found online about New Matrix, which was created 17 months ago.

·Seattle, United States
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Mario Romero.- An investigation by The New York Times has exposed a serious vulnerability in the export control mechanisms of the U.S. Department of Commerce. According to the report, U.S. authorities approved this year dozens of Chinese companies to manage and manufacture artificial intelligence servers equipped with the U.S. [...] The post Chinese "ghosts" managed to access NVIDIA H200 chips due to a failure of U.S. controls first appeared on …

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BizToc broke the news on Saturday, November 7, 2026.
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