Federal authorities arrested an East Bay man over an alleged scheme to evade national security-related technology export controls and send powerful, highly sought after computer chips made by Santa Clara company Nvidia to China. Chinese citizen Cham Li, 38, also known as Tony Li, of San Leandro, conspired with two U.S. citizens and another Chinese national to falsify paperwork, make fake contracts, and mislead the American government,
The company has also denied allegations that it has failed to pay employee salaries, claiming that its recently ousted CEO, Zhang Xuezheng, was actively spreading "falsehoods" after the Dutch Ministry of Economic Affairs took control of the firm last week, according to a statement obtained by Bloomberg. Based in the Netherlands, the Chinese-owned chipmaker produces components for, among other things, electronic control units (ECUs) used in automobiles.
In an interview with Fox News' Sunday Morning Futures, he also mixed in some flattery for Chinese President Xi Jinping while still airing some grievances. "I'm not looking to destroy China," Trump said. Earlier this month, he announced an additional 100% tariff and software restrictions on China, which has a stranglehold on the world's supply of rare earths and imposed tighter export controls that threaten a wide range of industries.