Nvidia case strains Trump administration over China chip export controls

unionesarda.it (Italian) —

The Nvidia case has triggered tensions within the Trump administration, with Treasury Secretary Scott Bessent publicly criticizing Commerce Secretary Howard Lutnick over the failure to place chip company Megaspeed on the export blacklist. Lutnick has been summoned to testify before Congress. Bessent stated that he and other ministers had long requested restrictions on companies suspected of diverting advanced AI chips to China. Reports indicate Lutnick repeatedly obstructed such efforts, while US intelligence has so far found no evidence that Alice Huang acted as a spy. Nvidia's stock continued to decline, falling up to 4 percent amid leadership uncertainty. President Trump called former CEO Jensen Huang before his resignation, urging him to keep fighting, as the AI sector faces significant strategic consequences.


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