Senate Banking Committee summons Nvidia's former CEO and Commerce Secretary to testify
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The Senate Banking Committee has scheduled a public hearing for former Nvidia CEO Jensen Huang and Commerce Secretary Howard Lutnick, warning of subpoenas if they do not appear.
The Senate Banking Committee, led by Chairman Tim Scott, has asked former Nvidia chief executive Jensen Huang and U.S. Commerce Secretary Howard Lutnick to appear at a public hearing on Dec. 3. Scott said the officials could be subpoenaed if they refuse to attend.
Huang resigned on Thursday after reports of extramarital affairs, including a relationship with a woman suspected by U.S. authorities of spying for China. Nvidia’s market value has fallen below $4 trillion, the first dip since July 2025.
Lawmakers allege that the Trump administration did not adequately scrutinize Nvidia’s exports of advanced semiconductors to China and that the Commerce Department failed to place dozens of Chinese firms on the U.S. trade blacklist. "Recent reports raise serious concerns about our national security and the protection of sensitive U.S. technology," Scott wrote on X.
Three House committees have also requested Huang and Nvidia general counsel Tim Teter to testify on Dec. 1 and 2, with the possibility of subpoenas. Under Secretary of Commerce Jeffrey Kessler is scheduled for a Dec. 3 hearing.
In a joint letter, the chairs of the Foreign Affairs, China Select, and Intelligence committees warned that "there are clear national security concerns that need to be addressed immediately."
China denied any espionage allegations and warned that tighter U.S. export controls could destabilize global semiconductor supply chains. A foreign ministry spokesperson said Beijing "has consistently opposed the abuse of export control measures."