Eric Trump is joining his father on a state visit to Beijing while Alt5 Sigma, a company with financial links to the Trump family, pursues a deal with Chinese chipmaker Nano Labs. Las Vegas-based Alt5 recently closed a $1.5 billion share offering, with World Liberty Financial, the Trump family's crypto business, leading a $750 million portion.

The company signed a memorandum of understanding with Nano Labs to build data centers in the US. Nano has drawn scrutiny from the US House of Representatives' bipartisan panel on the Chinese Communist Party, which warned the chipmaker's interests "create a direct channel between Chinese military interests and western markets." Eric Trump served as an "observer" on Alt5's board.

A spokesperson for Eric Trump stated he's joining "in his own personal capacity" and will not participate in business discussions. The White House denied any conflicts of interest. Alt5 Sigma is currently rebranding to AI Financial Corporation as it explores potential collaboration with the Chinese company under a 90-day evaluation period.