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Trump Administration Permits Chinese Firm to Purchase Nvidia Chips
The Trump administration has allowed Chinese firms linked to blacklisted U.S. companies and military suppliers to purchase Nvidia H200 AI chips. One approved assembler, New Matrix, has a vacant Beijing office as its legal address, raising concerns about it potentially being a front for sanctioned entities. New Matrix was established 17 months ago and is linked to Wise Road, which was blacklisted in 2024 for aiding China in accessing secret chip tech. Wise Road's founder, Li Bin, leads Tsinghua Unigroup, whose subsidiary was blacklisted in 2021 for military ties.