Treasury Secretary Scott Bessent says four departments favored placing Megaspeed on an export blacklist, but Commerce, led by Howard Lutnick, did not act. The White House says Trump maintains confidence in Lutnick.
Senate Banking Committee Chairman Tim Scott has asked former Nvidia CEO Jensen Huang and Commerce Secretary Howard Lutnick to testify over national security concerns tied to Nvidia and China.
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Former Nvidia CEO Jensen Huang and Commerce Secretary Howard Lutnick have been asked to testify before the Senate Banking Committee in December over national security concerns tied to Huang's alleged affair with a suspected Chinese intelligence asset.
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Jensen Huang resigned as Nvidia president and CEO after reports of an affair with a suspected Chinese spy. He agreed to testify before Congress, and Nvidia shares fell five per cent.