Last year, Nvidia CEO Jensen Huang repeatedly denied that China was obtaining America’s most advanced chips. ‘There’s no evidence of any AI chip diversion,’ he said, dismissing such reports on another occasion as ‘tall tales.’ Federal prosecutors would beg to differ. They’ve charged six men over the past three weeks with smuggling billions of dollars’ worth of AI chips to China. The indictments, while a tactical victory, are a warning of how pervasive the problem has become, thanks both to