A New York Times investigation published November 7, 2026, reported that the U.S. Department of Commerce approved New Matrix and Maginfra for Nvidia H200 server-assembly work in China. The account also described sparse or apparently vacant listed premises and indirect business ties. Other same-day coverage drew on that same investigation.
NeoTeo previously covered reports of H200 shipments to ByteDance and Tencent. That coverage concerned reported shipments; this story concerns two companies reportedly approved to assemble H200 servers.
What New Matrix and Maginfra were reportedly approved to do
New Matrix was reportedly approved to assemble H200 accelerators into AI servers. Maginfra was reportedly approved to assemble H200 servers for other customers. Those are distinct assembly roles, described in reporting about the same investigation.
| Company | Assembly work described | Observation at listed premises | Business connection described |
| New Matrix | Assemble H200 chips into AI servers | The listed Beijing premises appeared vacant to reporters. The company was absent from the building directory, and property-management staff reportedly had no record of it. | Owners were reportedly linked indirectly to businesses associated with Wise Road Capital. |
| Maginfra | Assemble H200 servers for other customers | During a September visit, reporters found a locked room with chairs and empty desks. | Analysts associated Maginfra with Inspur, citing shared personnel and patents. |
The two company links are described differently: New Matrix’s owners had reported indirect ties to businesses associated with Wise Road Capital; analysts connected Maginfra with Inspur. The premises observations describe what reporters found at the listed addresses.
What the reported export conditions cover
A separate account from trade publication Thomasnet described conditions under a revised U.S. export rule. Thomasnet reported that the U.S. government approved exports under the rule on January 13, 2026. It said the aggregate volume of H200 chips bound for China was capped at half the number sold to U.S. customers. Nvidia was to certify sufficient U.S. inventory; Chinese buyers were to demonstrate security procedures and certify non-military use; and an independent laboratory was to review each shipment.
Shipment controls and checks on a named assembler address different parts of the process.
Thomasnet’s account describes shipment-level conditions. The company-specific reporting centers on the firms’ listed premises and reported business connections.
