Lutnick agreed to testify before the Senate Banking Committee
Commerce Secretary Howard Lutnick has agreed to testify before the Senate Banking Committee as scrutiny intensifies over his department’s handling of advanced Nvidia chip exports to China, MS NOW reported. Reuters separately reported that senior White House officials have discussed whether to remove Lutnick, citing two people familiar with the matter.
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Former Nvidia CEO Jensen Huang resigned Thursday after reports of a relationship with a suspected Chinese spy. Axios reported that Lutnick resisted efforts to hold Megaspeed, accused of diverting U.S.-made chips to China, accountable. It also reported that Treasury Secretary Scott Bessent confronted Lutnick over Commerce’s failure to place the company on the Entity List. Megaspeed denied wrongdoing, CNN reported, describing itself as a “compliant and legal company.”
Sens. Elizabeth Warren and Chris Coons demanded Lutnick and other officials preserve records concerning Nvidia chip exports and intelligence warnings about Huang, CNBC reported.
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- Bloomberg — Nvidia Crisis Prompts Scrutiny of Lutnick’s Role in Chip Policy
- Newsweek — Scott Bessent Puts Howard Lutnick on Spot Over Nvidia Scandal
- CNBC — Howard Lutnick’s sons’ Nvidia ties amid Jensen Huang China spy scandal
- Politico — Lutnick’s longtime friendship with Trump may not save him
- The Times of India — Nvidia scandal: White House weighs 'ouster' of top Trump aide over China chip exports
- MS NOW — Bessent points finger at Lutnick as Nvidia scandal intensifies
- coinpaper.com — Howard Lutnick Could Be Ousted as Nvidia China Chip Scandal Deepens