21-11-2025

US Cracks Down on Nvidia Chip Smuggling to China

Date: 21-11-2025
Sources: cbsnews.com: 1 | cnbc.com: 1 | economist.com: 1 | straitstimes.com: 1
Image for cluster 4
Image Prompt:

Federal agents inspecting seized Nvidia chips at a US border control checkpoint, documentary-style photography with a sense of urgency, harsh overhead lighting with practical task lighting, shot with a 50mm lens, capturing the tension and seriousness of the law enforcement operation amidst a backdrop of complex global technology trade.

Summary

The US Justice Department charged four men for smuggling advanced Nvidia chips to China, violating export controls and threatening national security. This comes amid global market volatility and concerns over AI valuations, while other news highlights fragile peace in Ethiopia and European market fluctuations.

Key Points

  • Four men, including two Chinese nationals and two US citizens, charged with smuggling Nvidia chips to China
  • Defendants used complex scheme involving Malaysia and Thailand to transship controlled Nvidia GPUs
  • US Justice Department action part of efforts to prevent China acquiring cutting-edge US technology
  • European markets expected to open lower due to US tech stock volatility and AI valuation concerns
  • Fragile peace in Ethiopia at risk as Ethiopian government and TPLF prepare to return to fighting

Articles in this Cluster

Justice Department charges 4 men in U.S. in scheme to export AI chips to China - CBS News

The US Justice Department has charged four men, two Chinese nationals and two Americans, with conspiring to illegally export advanced Nvidia graphics processing units (GPUs) with artificial intelligence applications to China. The defendants allegedly used a complex scheme involving Malaysia and Thailand to transship the controlled Nvidia GPUs to China, falsifying paperwork and misleading US authorities. They received nearly $4 million from China to finance the export scheme, exporting around 400 Nvidia A100 GPUs between October 2024 and January 2025. The defendants face up to 20 years in prison if convicted. The scheme is part of China's effort to acquire cutting-edge US technology to become the world leader in AI by 2030.
Entities: Justice Department, China, Nvidia, United States, MalaysiaTone: neutralSentiment: negativeIntent: inform

European markets Nov. 21: STOXX 600, FTSE, DAX, CAC

European markets are expected to open lower on Friday due to U.S. tech stock volatility and concerns about AI valuations. Futures tied to major European indices such as the FTSE 100, DAX, and CAC 40 were down. Global stocks have been fluctuating wildly, with some respite after Nvidia's earnings release, but gains were quickly reversed. News of a possible peace deal for Ukraine has also influenced sentiment, with reports suggesting Washington and Moscow have been secretly brokering a plan. Investors are also digesting the U.S. nonfarm payrolls report and awaiting European economic data prints.
Entities: European markets, U.S., FTSE 100, DAX, CAC 40Tone: neutralSentiment: negativeIntent: inform

How to avoid Africa’s next war

The article discusses the fragile peace in Ethiopia after a brutal war between the government and the Tigray People's Liberation Front (TPLF) ended three years ago. The peace deal is now unravelling as Ethiopia's autocratic leader, Abiy Ahmed, ignores the agreement, and the TPLF and Tigray's armed forces prepare to return to fighting. Skirmishes have broken out on the region's southern border, and the Ethiopian army has responded with drone strikes. The TPLF has accused the government of a 'strategy of extermination'. The article warns that pressure from America and its allies is needed to prevent a return to war.
Entities: Ethiopia, Tigray People's Liberation Front (TPLF), Abiy Ahmed, America, TigrayTone: urgentSentiment: negativeIntent: warn

US accuses four of smuggling advanced Nvidia chips to China | The Straits Times

The US has accused four individuals, including two Chinese nationals and two US citizens, of smuggling millions of dollars worth of advanced Nvidia chips to China in violation of national security export restrictions. The men used a fake real estate business in Florida as a front to move the shipments through Malaysia and ultimately to China. The chips, including Nvidia's A100 data center chips, are subject to US export controls due to concerns that they could be used to strengthen China's military and threaten US national security. The four charged face up to 20 years in prison if convicted.
Entities: US, China, Nvidia, Florida, MalaysiaTone: neutralSentiment: negativeIntent: inform