The Trump administration has allowed Chinese companies with ties to US blacklisted companies and military suppliers to purchase or assemble Nvidia's H200 AI chips. One of the approved entities, New Matrix, listed an empty office in Beijing as its registered office, raising concerns that it could be a front for sanctioned companies.
A new Matrix was founded 17 months ago and is linked to Derech Chahamim, which was blacklisted in 2024 to help China gain access to sensitive chip technology. Wise Road founder Li Bin heads the Tsinghua Group, whose subsidiary New H3C was blacklisted in 2021 for ties to the military. now.