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Investing.com -- Two Chinese nationals were arrested this week for allegedly exporting tens of millions of dollars worth of advanced Nvidia (NASDAQ:NVDA) AI chips to China, violating U.S. export restrictions, Bloomberg reports.
Chuan Geng, 28, of Pasadena, and Shiwei Yang, 28, of El Monte, used a company based in El Monte, California, to ship sensitive technology including graphics processing units used in artificial intelligence without obtaining required government licenses, the Justice Department told Bloomberg Tuesday.
The criminal complaint states that the defendants shipped Nvidia-designed chips, including the company’s H100 AI accelerators, which power computers that create and run artificial intelligence software. These specific chips require official approval for sales to certain countries.
Both individuals have been charged with violating the Export Control Reform Act and could face up to 20 years in prison if convicted.
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