Howard Lutnick’s Chip Rules Could Boost Family Business

“In Malaysia’s lush southern peninsula, a data center known as A201 is set to open next year, packed with hundreds of millions of dollars in Nvidia’s most advanced artificial intelligence servers,” the New York Times reports.

“The data center plans to supply this computing power to a Chinese tech giant. The setup is legal and profitable. It will also sidestep U.S. rules that ban sales of the most advanced A.I. chips directly to Chinese firms.”

“The company operating the data center is a client of Cantor Fitzgerald, the financial services firm formerly led by Howard Lutnick, the commerce secretary, who handed off leadership of it to his sons. Mr. Lutnick is now writing the rules that would have a substantial effect on the data center’s business.”