US Lawmakers Demand Nvidia CEO Jensen Huang's Resignation Over China Chip Shipments

US lawmakers are demanding Nvidia CEO Jensen Huang's resignation following reports that his alleged affair with a suspected Chinese spy facilitated at least $7.5 billion worth of Nvidia chip shipments to Chinese companies. The company's market value dropped $430 billion over two trading days. Senate Democratic Leader Chuck Schumer urged Congress to close loopholes in chip export controls and questioned why President Trump has taken no action despite being briefed on the matter. Republican Senator Kevin Cramer cited the high risk of blackmail given the sensitivity of Nvidia chips. The Information reported that Huang Le and her associates built a corporate network in China and Singapore to acquire Nvidia chips, including 240,000 H100, H200, and A100 units used by Alibaba, Tencent, and smaller AI labs. Nvidia shares rebounded about 5% on Wednesday after CoreWeave raised its revenue outlook.