Nvidia chips China: Senate panel to hear Lutnick in December
US Treasury Secretary Scott Bessent blamed the Commerce Department for failing to stop Nvidia chips reaching a firm linked to China, as congressional committees seek records.
US Treasury Secretary Scott Bessent said the Commerce Department, led by Howard Lutnick, did not properly oversee exports of high-spec Nvidia AI chips.
Bessent said several agencies wanted Megaspeed added to the entity list for months, but Commerce makes that decision.
Lutnick is summoned to appear before the Senate Banking Committee in December, and Jensen Huang has also been summoned.
Democrats Richard Neal and Ron Wyden have started investigations into how Nvidia's H200 chips were allowed to be sold to Chinese firms.
A 25% tariff was imposed on those H200 chips under a section of the Trade Act.