Howard Lutnick agreed to testify before the Senate Banking Committee about Nvidia exports to China
Commerce Secretary Howard Lutnick has agreed to testify before the Senate Banking Committee about the Commerce Department's oversight of Nvidia's AI chip exports to China, CNBC reported, as lawmakers scrutinize whether the department adequately restricted sales amid national security concerns.
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CNBC said Senate Banking Chair Tim Scott summoned Lutnick as lawmakers examine whether Nvidia supplied advanced AI chips to Chinese companies and whether export controls were adequate. Senator Jim Banks said Thursday on Fox News that Lutnick “appears to have used loopholes” to allow some sales. In a letter published Wednesday, Scott and incoming Senate Foreign Relations Chair Chris Coons called for preserving all documents on Nvidia chip exports to China. Senator Ron Wyden and Rep. Richard E. Neal separately told Lutnick they were investigating approvals of sales to companies linked to the Chinese government, military or sanctioned entities.
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