US approves Nvidia H200 sales to Chinese firm whose listed offices appear empty, NYT reports
The New York Times reports the US Commerce Department has approved sales of Nvidia's H200 AI chips to a Chinese firm called New Matrix whose listed offices appeared to be empty and for which little evidence of meaningful operations could be found; the company's owners have ties to a Chinese private equity firm blacklisted by the US since 2024. The article says this case reflects a broader pattern of approvals that raise concerns about whether vendors and regulators are adequately vetting buyers, noting the Trump administration relaxed earlier restrictions after Nvidia reportedly agreed to give the US government a 15% cut of sales.