Scott Bessent blames Howard Lutnick's Commerce Department for delay in blacklisting Nvidia customer Megaspeed

Washington is reporting that the U.S. Senate Banking Committee has summoned former Nvidia CEO Jensen Huang and US Trade Representative Howard Lutnick for an inquiry into the spy scandal surrounding the chip giant. Committee Chairman Tim Scott threatened Huang with a forced subpoena if he did not voluntarily provide testimony. "Recent reports raise serious concerns about our national security and the protection of sensitive U.S. technology," Scott wrote on the social media platform X on Thursday.

The chairs of three House committees subsequently called Huang and Nvidia's general counsel Tim Teter for closed-door hearings on December 1 and 2, or face the threat of subpoenas. U.S. President Donald Trump personally got involved in the debate. According to a "New York Times" report, he called Huang on the phone on Tuesday, urging him to fight for his job.

Trump's stance depended on the ongoing investigations, as he stated in a podcast interview published on Thursday: "The big question is, was the woman a spy? And I don't know if that's already been sorted out. But if the woman was a spy, yes. If the woman was not a spy, perhaps it would have turned out differently."