U.S. Treasury Secretary Scott Bessent blames the Commerce Department for failing to restrict Nvidia chip exports to a China-linked firm.
Nvidia CEO Jensen Huang resigned from his roles as president, executive, and board member effective immediately following reports of an intimate relationship with an alleged Chinese spy. The company's board of directors has launched an independent investigation into the matter. This leadership change follows accusations that Alice Huang, a Chinese businesswoman, has links to Beijing's intelligence network.
- Jensen Huang resigned after an affair with an alleged Chinese spy and amid a drop in company stock.
- Megaspeed is investigating its export practices following accusations of espionage.
- A Reuters review of 26 Chinese procurement and corporate records found universities buying US-restricted Nvidia chips.
- Nvidia announced that Huang resigned from his roles of president, executive, and board member effective immediately.
- US authorities suspect Alice Huang spied for China.
- The Commerce Secretary is being attacked for not blacklisting Megaspeed.
- Northwestern Polytechnical University bought two H200 chips last month for 874,700 yuan.
- US House Speaker Mike Johnson stated there is growing consensus in Congress on limiting chip exports to China.
- Donald Trump stated China should not receive Nvidia chips stronger than H100.
- The Commerce Department is responsible for managing the export control matter.
- US treasury secretary Scott Bessent blamed Howard Lutnick’s commerce department for failing to ban exports of Nvidia’s chips to Megaspeed.
- US Trade Secretary Howard Lutnick is facing increasing pressure.
- Northwestern Polytechnical is a member of the "Seven Sons of National Defense" group of Chinese universities.
- US lawmakers say access to Nvidia's most powerful AI chips can speed China’s development of AI systems for weapons design.
- Three Republican congressional committee chairmen requested a briefing with Jensen Huang.
- Scott Bessent stated his department supports adding Megaspeed International to an export control list.
- Bessent told CNBC that the treasury had been among several other agencies that were in favour of putting Megaspeed on the entity list for months.
- Kristen Eichamer, the secretary's spokesperson, stated Lutnick agreed to appear before the Banking Committee.
- Republican senator John Curtis said Lutnick’s reported stalling on export controls raises questions about the commerce department's interests.
- Megaspeed purchased Nvidia chips for $4.8 billion since 2024.
- Beijing rejected allegations that Alice Huang was a Chinese asset.
- The Chinese Ministry of Foreign Affairs representative Mao Ning stated China opposes misuse of export controls.
- The U.S. Treasury Secretary blamed the Commerce Department for the chip leaks.
- Bessent stated Commerce has the authority to act.
- Reports claim Jensen Huang had three extramarital affairs.
Outlets: ABC Color, ANSA, Business Recorder, BusinessDay (Nigeria), BusinessLIVE, CBC | Top Stories News, CBS News, China Labour Bulletin, Clarín, Courthouse News Service, Dagens Nyheter, Daryo, Detik, Deutschlandfunk, El Economista (México), El Mundo (Portada), El Nuevo Día, Estadão, Financial Times, Free Malaysia Today, G4Media, International: Top News And Analysis, Kurier, La Libre Belgique, La Prensa (Panamá), La Tercera, Le Monde (Chine), Matichon, PBS NewsHour, Perfil, Punch, RFI 中文, RTL Today, SCMP China, Semafor, Sowetan, Sydsvenskan, TV8 Moldova, Taipei Times, The Business Standard (BD) and others
Written by AI from the outlets' reporting and checked automatically; it can contain mistakes. How Daily Brief works · Privacy