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 a report from The Information on Monday, citing informed sources. White House officials briefed congressional staff in late October on measures being considered for inclusion in the National Defense Authorization Act. Commerce Department officials have recently pushed for rules covering lithography machine tools, essential in semiconductor manufacturing, and restrictions to prevent Chinese companies from remotely accessing advanced AI chips made by firms like Nvidia. Commerce leadership has previously failed to finalize such efforts and may delay action again. The report comes as Nvidia faces a growing scandal involving CEO Jensen Huang's relationship with a suspected Chinese spy. Company shares fell over 4% on Monday after Huang acknowledged the relationship, and Nvidia's board announced it would investigate the matter.