今周刊編按：外媒報導指出與黃仁勳關係密切的女商人黃樂（Alice Huang），疑似是來自中國國安部的間諜，目的是掌握最新AI發展。英國《金融時報》報導，美國當局認為，黃仁勳與黃樂曾是交往關係。知情者透露，黃樂英文流利，且與AI晶片產業高層經常往來。
《紐約時報》最新調查揭露，多家獲准購買或組裝H200晶片的中國企業，竟與遭美國列入出口管制黑名單的公司及中國軍工承包商存在關聯。其中一家成立僅17個月的企業，登記地址甚至是一間空屋，幾乎找不到實際營運的證據，引發外界對美國政府審查機制的質疑。
面對疑慮，輝達官方強調，黃仁勳每年拜會的高層無數，且與亞洲雲端客戶交流的僅止於一般商業資訊，無涉及敏感技術或美國國家安全資料；中國官方亦駁斥相關間諜指控。
值得關注的是，黃仁勳女兒、輝達資深總監黃敏珊（Madison Huang）原定赴韓拜會韓國副總理裴慶勳，並出席 AI 新創合作論壇，該行程突遭喊卡。據悉，黃敏珊係因「家庭因素」取消行程，但具體細節目前尚未對外透露。
美國總統川普去年底批准輝達向中國出售高階AI晶片H200，相關企業須先通過美國商務部國家安全審查。
然而，《紐約時報》最新調查揭露，多家獲准購買或組裝H200晶片的中國企業，竟與遭美國列入出口管制黑名單的公司及中國軍工承包商存在關聯。
其中一家成立僅17個月的企業，登記地址甚至是一間空屋，幾乎找不到實際營運的證據，引發外界對美國政府審查機制的質疑。
空殼公司「New Matrix」通關審查 實地走訪僅見裸露電線
報導指出，一家成立僅17個月、獲商務部核准負責組裝H200晶片的中國公司「New Matrix」，其位於北京西北郊工業園區的登記地址實際上竟是一間空屋，天花板僅懸掛著裸露電線，大樓目錄與物業管理人員均表示「查無此公司」。
🇺🇲 🇨🇳 Commerce cleared Chinese firms with empty offices and blacklist ties to handle Nvidia H200 chips, according to The New York Times The Commerce Department approved a Chinese company called New Matrix to assemble Nvidia's H200 chips into AI servers, and when The New York Times went looking for it, the listed address in an industrial park on Beijing's northwest fringe was "a hollow gray shell with wires dangling from the ceiling where lights should be" (Photo below). A company directory did not list the firm, and the park's property management office told the paper it had no record of it. New Matrix was created 17 months ago and did not respond to requests for comment. According to Chinese corporate records cited by the Times, two of New Matrix's primary owners appear in records of companies connected to Wise Road, a Chinese private equity fund the US placed on the Commerce Department's entity list in 2024 for helping Beijing acquire sensitive chip companies. Wise Road's founder, Li Bin, also chairs Tsinghua Unigroup, whose subsidiary New H3C Semiconductor Technologies was entity-listed in 2021 for working with the Chinese military. Two analysts told the Times they believed New Matrix may be a front for firms associated with the fund. New Matrix is the second approved H200 handler with no visible physical presence: in September the Times found Maginfra's listed office deserted, and analysts tie that firm to entity-listed Inspur. The Times reports Commerce has cleared roughly two dozen Chinese firms to buy or handle H200s, including Baidu, BYD and Tesla Shanghai, per people familiar with the approvals, and that other licensees link back to military suppliers, including Zhejiang Yindun Cloud (tied to Range Intelligent Computing) and Shanghai Jiatang (which grew out of state-owned Datang Telecom). The H200 sales run under Trump's arrangement in which chips assembled in Taiwan route through the US so Washington can collect a 25 percent tariff. Liza Tobin, a former NSC China director, told the paper she has "a ton of concerns" that neither Commerce nor Nvidia is doing enough due diligence on license terms. Both sides answered on record. A Bureau of Industry and Security spokesman said the agency carefully reviews all applications for national security risk, imposed $324 million in export penalties in 2025, and hired more than 90 enforcement officers this year. Nvidia spokesman John Rizzo said "it makes no sense for the Chinese military to depend on American technology" and noted Beijing has strictly limited H200 imports. H200 shipments to China were under 1 percent of Nvidia's data-center revenue in the quarter ended July, the Times reported.
— The Tectonic (@thetect0nic) November 8, 2026
根據企業登記紀錄與分析師研判，New Matrix的主要股東與中國知名私營股權基金「智路資本（Wise Road）」及紫光集團（Tsinghua Unigroup）董事長李濱有關聯。智路資本因協助中國政府收購敏感晶片企業，已於2024年被美國商務部列入實體清單。
紫光集團旗下的新華三半導體（New H3C）也因與中國軍方合作而遭美方制裁。專家懷疑，New Matrix極可能是這些被黑名單企業所設立的幌子公司（Front company）。
爆料非首次 另一獲准業者「Maginfra」同為幽靈辦公室
紐時今年9月也曾爆料，另一家獲得H200組裝許可的中國新銳企業「Maginfra」，其登記地址同樣是一間僅放了幾張空桌椅、長期鎖門的幽靈辦公室。分析師指出，Maginfra與被美方列入軍工黑名單的中國浪潮集團（Inspur）共享專利與人員，本質上即為浪潮的衍生企業。
此外，其他獲准購買H200的中企如「浙江銀盾雲科技」與「上海嘉唐」，也被揭露其股東背後連結著提供中國軍方衛星雲端服務的潤澤科技（Range），以及具備中國軍方密碼學開發背景的大唐電信（Datang Telecom）。
Astonishingly, this was the second company approved to handle H200 chips that we found not to have any physical presence at its listed address. In September, the NYT found a similarly vacant office for a company called Maginfra https://t.co/UJvzleoSyW https://t.co/hubjSAITr5
— Ana Swanson (@AnaSwanson) November 7, 2026
前白宮官員痛批審查鬆散 國安專家憂流向軍用
前白宮國家安全委員會中國事務主管托賓（Liza Tobin）對此重砲批評：「我非常擔心，商務部與輝達都沒有做好必要的盡職調查，以確保相關企業遵守出口許可條件。」
對此，美國商務部工業和安全局（BIS）發言人回應表示，商務部對所有許可申請均進行嚴格的國家安全審查，並強調2025年已對違規企業開罰3.24億美元。輝達發言人里佐（John Rizzo）則回應稱，中國軍方依賴美國技術「毫無道理」，輝達始終將最好、最新的技術留在美國本土，且目前H200對華出貨量佔整體數據中心業務營收不到1%。
※本文授權自TVBS新聞網，原文見此。
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