US arrests tech CEO accused of smuggling $300M in Nvidia chips into China

A tech CEO has been arrested in the US for allegedly smuggling $300 million worth of Nvidia chips into China. The arrest is the latest in a series of high-profile cases involving the smuggling of Nvidia chips, which are used in artificial intelligence and other applications. The CEO, whose name has not been released, was taken into custody by US authorities. The value of the smuggled chips is estimated to be around $300 million.