How does a company with an empty office get approval to handle some of $NVDA most advanced AI chips?
That’s the question following a NYT report on New Matrix, a Chinese firm cleared by the US Commerce Department to build AI servers using Nvidia H200 chips.
The strange part is that its listed Beijing address is reportedly empty, and property managers have no record of the company.
Even more concerning, its owners are linked to a private equity fund blacklisted by the US in 2024.
The report also says dozens of Chinese firms have received similar approvals, with some having ties to sanctioned companies.
#JobsReportRaisesHikeOdds
That’s the question following a NYT report on New Matrix, a Chinese firm cleared by the US Commerce Department to build AI servers using Nvidia H200 chips.
The strange part is that its listed Beijing address is reportedly empty, and property managers have no record of the company.
Even more concerning, its owners are linked to a private equity fund blacklisted by the US in 2024.
The report also says dozens of Chinese firms have received similar approvals, with some having ties to sanctioned companies.
#JobsReportRaisesHikeOdds
