Technology company CEOs caught smuggling Nvidia GPUs worth $160 million to China: What chargesheet says
US authorities have dismantled a sophisticated smuggling network that illegally exported advanced Nvidia artificial intelligence chips worth over $160 million to China and other restricted locations, resulting in the arrest of multiple business executives and guilty pleas from a Houston-based company.Operation Gatekeeper, announced Tuesday by the US Attorney’s Office for the Southern District of Texas, exposed a complex scheme involving falsified shipping documents, shell companies, and wire transfers originating from China. The investigation seized more than $50 million in advanced graphics processing units destined for prohibited destinations.
