Senate Banking Committee Schedules Hearing for Nvidia’s Former CEO and Commerce Secretary
The Senate Banking Committee in Washington scheduled a public hearing on November 13 for former Nvidia CEO Jensen Huang and Commerce Secretary Howard Lutnick, warning that subpoenas would be issued if they failed to appear. On November 11, Commerce Secretary Howard Lutnick postponed the implementation of President Donald Trump's directive to tighten export controls on chips suspected of being diverted to China, according to Axios. White House officials, as reported by The Globe and Mail, were weighing his removal after lawmakers criticized the administration’s handling of Nvidia AI chip exports following Huang’s resignation.
Lawmakers and experts raised concerns that Lutnick had failed to prevent Nvidia chips from reaching China, citing his ties to Chinese firms and a close relationship with the former CEO, CBS News said. Lutnick subsequently agreed to testify before the committee, NBC News reported. The Guardian later noted that officials were pressing Lutnick to resign after delays in blacklisting a Singapore firm linked to an alleged Chinese spy and after a report surfaced on Huang’s connections to the spy.
