Nvidia faces new chip export controls amid Huang scandal

The Trump administration may allow new export controls on Nvidia's advanced AI chips sold to China, according to The Information, citing sources familiar with the matter. White House officials gave feedback to congressional staff in late October on measures being considered for the National Defense Authorization Act. The proposed rules would target lithography machine tools, essential for semiconductor production, and restrict Chinese companies from remotely accessing advanced AI chips made by firms like Nvidia. The Commerce Department has previously failed to finalize such export control policies and may delay action again. The report comes as Nvidia faces a growing scandal over CEO Jensen Huang's relationship with an alleged Chinese spy. Company shares fell over 4% Monday after Huang admitted the relationship, and Nvidia's board announced it will investigate the matter.