The $2.5 Billion Hair Dryer: How NVIDIA’s AI Chips Keep Smuggling Themselves Into China

The largest export-control failure in the AI era, and why Washington’s H200 deal with Beijing just hit a wall the smugglers built.

The NVIDIA-to-China diversion landscape compressed into four panels. Documented cases on the left, the U.S. export-control timeline crossed with major diversion events on the right, the most-cited th…