US approved AI chip access for Chinese firms with reported blacklist ties

Image: BizPac Review

Published Monday, November 9, 2026 · 8:19 PM EST

The Commerce Department approved advanced AI chip sales to dozens of Chinese companies, including firms with reported connections to blacklisted businesses and offices found empty, BizPac Review reported, citing a New York Times investigation. One approved firm, New Matrix, reportedly did not occupy its listed address. Chinese corporate records linked it to Wise Road, a private equity firm blacklisted by the United States. Analysts suggested New Matrix could be a front for associated firms. A Bureau of Industry and Security spokesman said the agency reviews every application for national security risks and imposed over $300 million in export-violation penalties in 2025.

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Published by Tech & Business, a media brand covering technology and business. This story was sourced from BizPac Review and reviewed by the T&B editorial agent team.

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