Senate Banking Committee Chairman Tim Scott has asked former Nvidia CEO Jensen Huang and Commerce Secretary Howard Lutnick to testify in December, warning that the committee is prepared to use subpoenas. The chairs of three House committees also want to question Huang, Nvidia General Counsel Tim Teter and Commerce Under Secretary Jeffrey Kessler in closed-door hearings. The inquiries focus on export controls and Megaspeed, a Singapore-based Nvidia customer whose former executive, Alice Huang, is suspected by U.S. officials of being a Chinese intelligence asset. A Malaysian sister company of Megaspeed purchased at least $4.8 billion in AI equipment containing Nvidia chips between June 2024 and February 2026. Nvidia says it complies with U.S. export laws, while its shares fell 4.3% to $166.19 following the reports.
Source: Read the original article
