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Investing.com -- Two Chinese nationals were arrested in California and charged with illegally shipping tens of millions of dollars’ worth of AI chips to China, including Nvidia (NASDAQ:NVDA) H100s, the U.S. Justice Department announced Tuesday.
Chuan Geng, 28, of Pasadena, and Shiwei Yang, 28, of El Monte, allegedly exported advanced Nvidia chips and other technology to China from October 2022 through July 2025 without obtaining the required licenses from the U.S. Commerce Department, according to a criminal complaint.
The complaint states that Geng and Yang’s El Monte-based company, ALX Solutions Inc, was established in 2022, shortly after the United States imposed sweeping export controls on technology to China and began requiring licenses for the chips.
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