Nvidia Scandal Escalates: Trump's Commerce Secretary and Ex-CEO Summoned to Senate Testimony

The former CEO of Nvidia, Jensen Huang, has been summoned to testify before the US Senate Banking Committee regarding the scandal involving the company and suspected Chinese espionage, with Commerce Secretary Howard Lutnick also called to appear. Republican Senator Tim Scott, who chairs the committee, requested the testimony on Thursday, citing "serious concerns about our national security." Huang resigned on Thursday following revelations of extramarital affairs, including one with a Chinese businesswoman suspected of spying for Beijing. The company's stock fell 13% after the announcement before recovering to a 4% loss, with approximately $450 billion in market value erased. President Trump suggested Tim Cook as a potential replacement, while China accused Washington of using the espionage allegations to justify chip export restrictions.