It’s illegal and should be subject to criminal charges .
Export Control Reform Act of 2018 (ECRA) Knowingly or willfully exporting controlled technology without required authorization Selling or facilitating shipments of restricted GPUs to prohibited Chinese recipients
Export Administration Regulations (EAR) Exporting, re-exporting or transferring controlled chips without the required licences H100, H200 and other restricted NVIDIA products
18 U.S.C. § 371 Conspiracy to commit an offence against the United States If there were evidence of an agreement to circumvent export restrictions
18 U.S.C. § 554 Smuggling goods out of the United States If he knowingly participated in shipments concealed from U.S. authorities
18 U.S.C. § 1001 Knowingly making materially false statements to federal authorities If he knowingly misrepresented the destinations or recipients of chips
Why would billionaires be accountable to law enforcement? Law enforcement exists to protect capital. The only time the wealthy get got by law enforcement is when they’re threatening a bigger pile of wealth.
The markets aren’t being roiled because Jensen Huang fucked.
They’re being roiled because a big chunk of NVIDIA’s revenue is coming from black market exports.
This isn’t the indiscretions of one guy. It is a massive network of regulation and evasion that creates a defacto regulatory monopoly for GPU exports.
It’s illegal and should be subject to criminal charges .
Export Control Reform Act of 2018 (ECRA) Knowingly or willfully exporting controlled technology without required authorization Selling or facilitating shipments of restricted GPUs to prohibited Chinese recipients
Export Administration Regulations (EAR) Exporting, re-exporting or transferring controlled chips without the required licences H100, H200 and other restricted NVIDIA products
18 U.S.C. § 371 Conspiracy to commit an offence against the United States If there were evidence of an agreement to circumvent export restrictions
18 U.S.C. § 554 Smuggling goods out of the United States If he knowingly participated in shipments concealed from U.S. authorities
18 U.S.C. § 1001 Knowingly making materially false statements to federal authorities If he knowingly misrepresented the destinations or recipients of chips
All together: 20, 10, 5 and 5 years prison.
This would require billionaires to be accountable to law enforcement
Why would billionaires be accountable to law enforcement? Law enforcement exists to protect capital. The only time the wealthy get got by law enforcement is when they’re threatening a bigger pile of wealth.