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WASHINGTON — A Chinese company cleared to handle Nvidia’s H200 AI chips appears to have an empty office and little evidence of real operations, The New York Times reported, according to a summary published by The Verge on Saturday, Nov. 7. The findings come from one news organization and are unconfirmed.
Related: House Chairmen Ask Jensen Huang for Nov. 18 Briefing on Reported China Spy Link.
What the report found
The company, New Matrix, is on the list of approved firms, yet its offices are “a hollow gray shell,” according to the Times passage quoted by The Verge. The firm was created 17 months ago and little information about it can be found online.
A company directory at its listed address did not include the firm, and staff at the nearby property management agency said they had no record of it, the report said.
Links to a blacklisted investor
New Matrix’s owners have ties to a Chinese private equity firm that has been blacklisted by the U.S. government since 2024, The Verge said, citing the Times. The Times described this as part of a pattern of companies connected to restricted entities being approved to buy Nvidia chips, according to The Verge.
The Verge said the reporting raises concerns that neither the Commerce Department nor Nvidia is doing enough to vet the Chinese firms cleared to handle the chips.
How the sales were allowed
Nvidia’s chip sales to China were restricted during the Biden presidency. The Trump administration relaxed those limits after Nvidia agreed to give the government a 15% cut of sales, The Verge reported.
What happens next
Congressional interest in Nvidia’s China ties is already rising, as our related report shows. More is on our Artificial Intelligence page.
Sources
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