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2 businessmen detained over scheme to smuggle Nvidia chips to China, DOJ says

Two businessmen are in custody for allegedly "violating U.S. export control laws" in a scheme that attempted to smuggle Nvidia H100 and H200 chips to China, the Department of Justice said Monday.

The big picture: The announcement came as President Trump said that his administration would lift a blockade on exports of Nvidia's H200 chips to China and that the U.S. government will get a 25% cut from future sales.


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