Nvidia faces new chip export controls as Huang scandal unfolds

The Trump administration may allow new export controls on advanced Nvidia AI chips sold to China, according to a report from The Information, citing people familiar with the matter. White House officials provided feedback to Congressional staff in late October on measures being considered for the National Defense Authorization Act. The administration’s engagement suggests it may not block the measures, as it has previously. Proposed rules would cover tooling for lithography machines and restrictions preventing Chinese companies from remotely accessing advanced AI chips, though Commerce Department leadership has delayed similar actions in the past. The report comes as Nvidia faces a scandal involving CEO Jensen Huang’s relationship with a suspected Chinese spy. Shares slid over 4% on Monday after Huang admitted to the affair, and the Nvidia board said it will probe the issue.