US charges Chinese nationals with Nvidia chips export breach

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Two Chinese nationals were arrested this week on charges that they sent tens of millions of dollars worth of advanced AI chips made by Nvidia Corp. to China in violation of US export restrictions, according to authorities.

The defendants used a company based in El Monte, California, to export sensitive technology, including graphics processing units used in artificial intelligence, without obtaining the necessary government licenses, the Justice Department said in a statement Tuesday.

According to a criminal complaint provided by the agency, the two…



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US charges Chinese nationals with Nvidia chips export breach


Two Chinese nationals were arrested this week on charges that they sent tens of millions of dollars worth of advanced AI chips made by Nvidia Corp. to China in violation of US export restrictions, according to authorities.

The defendants used a company based in El Monte, California, to export sensitive technology, including graphics processing units used in artificial intelligence, without obtaining the necessary government licenses, the Justice Department said in a statement Tuesday.

According to a criminal complaint provided by the agency, the two…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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