White House backs Lutnick as Nvidia scandal over alleged China chip diversion unfolds
President Donald Trump maintains full confidence in Commerce Secretary Howard Lutnick, a White House official said, following Nvidia CEO Jensen Huang's resignation over an affair with an alleged Chinese spy. The scandal involves claims Lutnick protected Megaspeed, a firm accused of diverting US chips to China. The unnamed official called Lutnick America's "most transformative" commerce secretary in modern history. Huang resigned from all Nvidia positions after confessing to the extramarital affair with Alice Huang, a Megaspeed executive suspected of espionage. Nvidia appointed CFO Colette Kress as interim CEO. Lutnick allegedly spent a year working to "undo" administration efforts to hold Megaspeed accountable for illegally sending US-made chips to China. Huang co-founded Nvidia in 1993 and is among the world's wealthiest individuals.