Lutnick faces questions over Nvidia spy scandal. His sons’ firm has deep ties to the chipmaker
Jensen Huang’s resignation as Nvidia CEO has brought renewed scrutiny to Commerce Secretary Howard Lutnick and his family’s financial ties to the chipmaker.
The resignation of Nvidia CEO Jensen Huang has brought renewed scrutiny to Commerce Secretary Howard Lutnick and his family's financial ties to the chipmaker, according to CNBC. PBS NewsHour reports that Lutnick has faced increasing scrutiny due to a reportedly close relationship with Huang.
Treasury Secretary Scott Bessent expressed frustration on Friday regarding the Commerce Department's delay in implementing controls over the export of certain Nvidia chips to China. Bessent told CNBC that the Treasury, State, and Defense departments, along with the U.S. Trade Representative, have supported adding Singapore-based Megaspeed International to an export control list for months.
Bessent noted that while President Trump indicated China should not receive Nvidia chips above H100s, the Commerce Department is in charge of the matter. PBS NewsHour reports that Chinese firms have accessed Nvidia chips through companies such as Megaspeed, which prominently touts its partnership with Nvidia on its website.
Brief written by urgent.news from CNBC, Quartz, The Hill, PBS NewsHour, The Korea Times — 5 reports on this story. Machine-written — may contain errors; check the original before relying on it.
