Nvidia Faces Stricter Export Controls as Huang Scandal Grows

The Trump administration may allow new export controls on Nvidia's advanced AI chips sold to China, according to a Monday report from The Information, citing sources 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 report indicates the administration's engagement suggests it may not block the measures, which it has previously done. Commerce Department staff have recently pushed to establish rules on lithography machine tools, essential for semiconductor manufacturing, and restrictions preventing Chinese firms from remotely accessing advanced AI chips made by companies like Nvidia. Commerce leadership has not finalized new export control policies and may postpone action again. The report comes as Nvidia faces a growing scandal over CEO Jensen Huang's relationship with a suspected Chinese spy, with shares falling over 4% on Monday after Huang acknowledged the affair.