US cleared Nvidia H200 sales to Chinese firm with murky ties

The Trump administration approved sales of Nvidia H200 AI chips to a little-known Chinese company despite questions about its identity and ownership, according to a New York Times examination cited by The Business Times. The company, New Matrix, was cleared by the US Commerce Department to assemble Nvidia chips into AI computers after Washington reopened H200 sales to China in late 2025. Corporate records reviewed by the newspaper tied New Matrix’s owners to a private equity fund the US blacklisted in 2024. Reporters also found little sign the firm operated at its listed Beijing address, fueling concerns that US screening of chip buyers and handlers is missing national security risks.