Jensen Huang ties fuel US push for stricter chip export controls

US lawmakers are pushing for stricter chip export controls following revelations about Nvidia CEO Jensen Huang's relationship with a business associate suspected of ties to Chinese intelligence, potentially costing semiconductor firms billions in revenue. The proposed measures, expected to be attached to a stalled defense spending bill, would restrict AI chip exports to rival nations like China, tighten controls on allied countries such as the Netherlands and Japan, and require tracking of chips before export. Industry executives warn the rules would deter export deals and cede global market share to Chinese competitors. The Commerce Department has investigated since 2024 whether Singapore-based Megaspeed, where Huang's associate worked, diverted Nvidia chips to China, with the Justice Department now handling the case. Lawmakers have also requested Huang brief Congress next week, while Democrats gaining congressional control have renewed momentum for the restrictions.