By JERUSALEM POST STAFF
Publication Date: 2026-11-07 16:52:00
The Trump administration approved Chinese companies with ties to US-blacklisted entities and military contractors to purchase or handle advanced Nvidia artificial intelligence chips, raising questions about the effectiveness of Washington’s national security screening process, The New York Times reported in an investigation detailed on Saturday.
Among the companies approved by the US Commerce Department was New Matrix, a Chinese firm established just 17 months ago whose registered office in an industrial park outside Beijing appeared vacant when visited by Times reporters.
The company’s listed address led to an empty office with exposed wiring, while neither the building directory nor the industrial park’s management had any record of the business, according to the investigation.
Chinese corporate records showed that New Matrix’s owners had connections to Wise Road, a prominent Chinese private equity fund placed on the US Commerce Department’s trade blacklist in 2024 for allegedly helping Beijing acquire strategically sensitive semiconductor companies. The findings come amid longstanding concerns in Washington over China’s access to advanced American semiconductor technology.
Two analysts who reviewed the corporate records and other Chinese-language information told NYT they believed New Matrix could be a front for companies associated with the blacklisted fund. The findings are part of a broader pattern identified by the newspaper in which Chinese companies approved to…
