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