US commerce secretary in the spotlight over Nvidia scandal
Lutnick has been criticized over his department’s failure to sanction Megaspeed, an Nvidia customer, for allegedly smuggling its chips. US Commerce Secretary Howard Lutnick faced mounting pressure from lawmakers over the Trump administration’s handling of the Nvidia scandal. Lutnick has been criticized — including, reportedly, by the Treasury secretary — over his department’s failure to sanction Megaspeed, an Nvidia customer, for allegedly smuggling its chips; revelations that a Megaspeed executive, who is accused of ties to Chinese intelligence, had an affair with Nvidia CEO Jensen Huang led to Huang’s downfall. Singapore authorities, meanwhile, said the US provided only “limited” help with the city-state’s investigation into the Megaspeed executive. Multiple Republican senators have called for Lutnick and Huang to appear before the chamber over the still-unfurling episode, while a Republican member of the House told Semafor “ questions need to be answered.”
Lutnick has been criticized over his department’s failure to sanction Megaspeed, an Nvidia customer, for allegedly smuggling its chips. US Commerce Secretary Howard Lutnick faced mounting pressure from lawmakers over the Trump administration’s handling of the Nvidia scandal. Lutnick has been criticized — including, reportedly, by the Treasury secretary — over his department’s failure to sanction Megaspeed, an Nvidia customer, for allegedly smuggling its chips; revelations that a Megaspeed executive, who is accused of ties to Chinese intelligence, had an affair with Nvidia CEO Jensen Huang led to Huang’s downfall.
Singapore authorities, meanwhile, said the US provided only “limited” help with the city-state’s investigation into the Megaspeed executive. Multiple Republican senators have called for Lutnick and Huang to appear before the chamber over the still-unfurling episode, while a Republican member of the House told Semafor “ questions need to be answered.”