export controls – One America News Network

This photograph taken in Paris on February 23, 2024 shows a US multinational Nvidia's graphic processing unit (GPU). Global equities pushed higher on February 23 as investors digested a record-breaking week powered by US technology titan Nvidia's blockbuster results and the artificial intelligence boom. (Photo by JOEL SAGET / AFP) (Photo by JOEL SAGET/AFP via Getty Images)

2 U.S. citizens and 2 Chinese nationals accused of illegally exporting highly advanced Nvidia AI chips to China

Two Americans and two Chinese nationals have been arrested and charged after being accused of exporting Nvidia AI chips to the People’s Republic of China (PRC), violating sensitive export controls and threatening national security.

TO GO WITH China-Japan-technology-commodities FOCUS by D'Arcy Doran In a picture taken on September 5, 2010 a man driving a front loader shifts soil containing rare earth minerals to be loaded at a port in Lianyungang, east China's Jiangsu province, for export to Japan. China's restrictions on exports of rare earths are aimed at maximising profit, strengthening its homegrown high-tech companies and forcing other nations to help sustain global supply, experts say. China last year produced 97 percent of the global supply of rare earths -- a group of 17 elements used in high-tech products ranging from flat-screen televisions to iPods to hybrid cars -- but is home to just a third of reserves. CHINA OUT AFP PHOTO (Photo credit should read STR/AFP via Getty Images)

China restricts rare earth exports as Trump vows strong response, reigniting trade tensions

President Donald Trump suggested that he may cancel his upcoming meeting with Chinese President Xi Jinping, after Xi sent what Trump described as “hostile” letters indicating China’s plans to restrict exports of rare earth minerals.