US Approves Sale of Nvidia H200 to Suspected Chinese Shell Company
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According to a November 7, 2026 report by The Verge, citing The New York Times, a company called New Matrix appeared on the approved list of buyers when the US authorized Nvidia to sell H200 AI chips to Chinese companies. The report said the company was only 17 months old, that neither the building directory nor the property management office at its registered address had any record of the company, and that its office is alleged to be a shell. The report also noted that New Matrix's owner is linked to a Chinese private equity firm that has been on the US blacklist since 2024. The report has raised questions about the true identity of the buyer behind this approved deal and the vetting process; no official response or follow-up developments have been reported yet.
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- The Verge · AISelectedThe US let Nvidia sell chips to an empty office in China
According to The New York Times, New Matrix appears on the list of Chinese companies approved to buy Nvidia H200 AI chips. The company was incorporated only 17 months ago, has no record in the building directory or with property management at its registered address, its office is a shell, and its owner is linked to a Chinese private equity firm blacklisted by the US since 2024.
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