US approves ~24 Chinese firms to buy Nvidia H200; some buyers tied to blacklisted entities
pstAsiatech · x · 2026-11-09
The US Commerce Department has approved roughly 24 Chinese companies to buy or handle Nvidia H200 AI processors, but a Nov 7 investigation found troubling vetting gaps.
Key facts:
- Approved buyers New Matrix and Maginfra listed apparently vacant registered offices. New Matrix, established 17 months earlier, registered at an industrial park outside Beijing with no building-directory listing and no property-management record.
- Corporate records tie New Matrix's owners to Wise Road, a Chinese PE firm placed on Commerce's trade blacklist in 2024.
- H200 sales come with conditions including a 25% charge and US-side testing; actual deliveries so far have been limited.
- Kessler sided with Jensen Huang: export controls should evolve with technology, and controlled H200 sales to China would strengthen the American tech ecosystem.
A separate intelligence concern has reached Congress. Note: the article was written with AI.
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