US cleared Nvidia H200 chips for Chinese firms with empty offices and ties to blacklisted companies
A New York Times investigation found that New Matrix, a 17-month-old Beijing firm the Commerce Department approved to assemble Nvidia H200 chips into AI servers, lists an empty office, and its owners have ties to Wise Road Capital, a private-equity fund on the US entity list since 2024. A second approved assembler, Maginfra, also had a deserted office and appears linked to Inspur, which is blacklisted for military work. Commerce has cleared roughly two dozen Chinese companies to buy or handle the H200 since Trump allowed sales late in 2025.
Source: The New York Times