Despite U.S. bans, Chinese buyers spent over $1B on smuggled NVIDIA AI chips like the B200, openly sold on Chinese social apps.

U.S. lawmakers are raising alarms over the Commerce Departments decision to allow Nvidia (NASDAQ: NVDA) to resume sales of its H20 AI chips to China. Republican Representative John Moolenaar, chair of the House panel

Nvidia plans to resume sales of its H20 AI chips to China, sparking controversy over the U.S. export policy amid national security concerns. Both political parties in the U.S. scrutinize the decision,