A trio linked with a US technology supplier have been charged over a ploy to smuggle American artificial intelligence (AI) chips to China, the Department of Justice said on Thursday. The individuals allegedly conspired to sell billions of dollars' worth of technology to buyers in China by faking documents and using dummy equipment to slip past audits, according to the DOJ. The goods in question included Nvidia-made semiconductors, highly coveted AI chips which are subject to export controls. In August 2025, two Chinese nationals were also arrested and charged with illegally shipping millions of dollars' worth of Nvidia chips to China. The DOJ said in a statement on Thursday that it had arrested US-citizen Yih-Shyan Wally Liaw and Taiwanese citizen Ting-Wei Willy Sun, while Ruei-Tsang Steven Chang, a Taiwanese citizen, remains a fugitive.

Record sales, a strong financial forecast, and CEO Jensen Huang's impassioned arguments on his company's earnings call weren't enough to push Nvidia shares back to their October high. Nvidia CEO Jensen Huang speaks to the media in Tainan, Taiwan on November 7, 2025. Nvidia CEO Jensen Huang didn't need any prompting on Wednesday to address the elephant in the room . "There's been a lot of talk about an AI bubble," he said on an earnings call before quickly getting to his main point: "From our vantage point, we see something very different." Huang went on to spend about five minutes trying to explain how the chipmaker, which has soared to become the world's most valuable publicly traded company over the past three years, would be able to sustain unprecedented customer demand.

What is the H-1B visa programme? The White House Peace Vigil is dismantled - why? Who said what at Charlie Kirk's memorial? Chipmaker Nvidia will invest up to $100bn in OpenAI and provide it with data center chips, a tie-up between two of the highest-profile leaders in the global artificial intelligence (AI) race. The deal, announced on Monday, will see Nvidia start delivering chips as soon as late 2026 and will involve two separate but intertwined transactions, according to a person close to OpenAI. The first $10bn of Nvidia's investment in OpenAI, which was most recently valued at $500bn, will begin when the two companies reach a definitive agreement for OpenAI to purchase Nvidia chips. Nvidia did not respond to immediate requests for clarification about the deal.

Nvidia boss'disappointed' by reported China chip ban The boss of Nvidia says he is disappointed that China has reportedly ordered its top technology companies to halt purchases of the firm's artificial intelligence (AI) chips. Jensen Huang added he would be patient in response to the move from China's internet regulator. There are a lot of places we can't go to, and that's fine, he told reporters on Wednesday. Mr Huang is one of a number of tech bosses, including Microsoft's Satya Nadella, accompanying US President Donald trump on his state visit to the UK. Nvidia - the world's leading chipmaker - had previously been banned from selling its most advanced chips to China, before Trump reversed the ban in July.

Authorities in the United States have charged two Chinese citizens with shipping tens of millions of dollars' worth of advanced Nvidia chips to China in breach of export controls. Chuan Geng and Shiwei Yang are alleged to have "knowingly and willfully" exported the graphic processing units (GPUs) used to power artificial intelligence without authorisation from October 2022 to July 2025, the US Department of Justice said on Tuesday. Export records indicate that Geng and Yang, both 28, organised at least 21 shipments through their El Monte, California-based company ALX Solutions Inc to companies in Singapore and Malaysia, the Justice Department said. The exports included a December 2024 shipment of Nvidia H100 GPUs – described as the most powerful chip on the market – that was "falsely labelled" and had not obtained the necessary licence from the US Department of Commerce, the Justice Department said. According to prosecutors, ALX Solutions received payments from firms in Hong Kong and China, including a 1m sum from a China-based company in January 2024, rather than the companies that accepted the shipments.

A U.S. lawmaker plans to introduce legislation in coming weeks to verify the location of artificial intelligence chips such as those made by Nvidia after they are sold. The effort to keep tabs on the chips, which drew bipartisan support from U.S. lawmakers, aims to address reports of widespread smuggling of Nvidia's chips into China in violation of U.S. export control laws. Nvidia's chips are a critical ingredient for creating AI systems such as chatbots, image generators and more specialized ones that can help craft biological weapons. Both U.S. President Donald Trump and his predecessor, Joe Biden, have implemented progressively tighter export controls of Nvidia's chips to China.

Powerful artificial intelligence software from Chinese startup DeepSeek indicates that its engineers built a competitive model despite U.S. attempts to curtail China's tech development, raising questions about the effectiveness of Washington's trade curbs. The company's recently released R1 model, which it claims to have developed at a fraction of the cost borne by rival AI companies, sent tech stocks into a tailspin Monday as investors questioned the need to spend billions on advanced hardware. It's also sparked a debate in Washington about the best strategy to prevent China from developing cutting-edge AI, which U.S. policymakers see as a national security risk. The U.S. imposed sweeping controls on the sale of the most advanced Nvidia chips to China in October 2022, and has ratcheted up the measures each year since. But Nvidia has responded by designing new semiconductors for the Chinese market -- including those DeepSeek likely used to build R1.

In a world where people are increasingly doubting the potential of AI, you can count on Jensen Huang, the CEO of Nvidia, to be the last one hyping up how AI will be the fundamental force that changes society. Talking to WIRED senior writer Lauren Goode at The Big Interview event on Tuesday in San Francisco, Huang called the trend of AI "a reset of computing as we know of [it] over the last 60 years." The force of AI is, he said, "so incredible, it's not as if you can compete against it. You are either on this wave, or you missed that wave." That means, Jensen said, "people are starting to realize that AI is like the energy and communications infrastructure--and now there's going to be a digital intelligence infrastructure."

Chinese military bodies, state-run artificial intelligence research institutes and universities have over the past year purchased small batches of Nvidia semiconductors banned by the U.S. from export to China, a Reuters review of tender documents show. The sales by largely unknown Chinese suppliers highlight the difficulties Washington faces, despite its bans, in completely cutting off China's access to advanced U.S. chips that could fuel breakthroughs in AI and sophisticated computers for its military. Buying or selling high-end U.S. chips is not illegal in China and the publicly available tender documents show dozens of Chinese entities have bought and taken receipt of Nvidia semiconductors since restrictions were imposed.

Nvidia saw its valuation soar to $1tn on Tuesday, making it the fifth most valuable American company and one of the first major corporate beneficiaries of the hype around AI. The chipmaker has been a major and in some cases dominant player in several industries for years. But no development has raised its profile – and its potential windfall – as much as the current excitement around generative AI. Nvidia has been around for 30 years. The company got its start in 1993 building graphics processing units (GPUs) for video games.