Nvidia’s Jensen Huang expected to testify before Congress amid calls for crackdown on China chip exports – live
Summary
Nvidia CEO Jensen Huang resigned, and House lawmakers expect him to testify within two weeks about his reported relationship with Alice Huang, whom U.S. authorities suspect of spying for China. The resignation has intensified bipartisan calls in Congress to restrict China’s access to advanced AI chips, with Republicans considering adding export limits to the annual defense authorization bill.Key Facts
- House Foreign Affairs Committee chair Brian Mast said congressional staff had discussed a date and location for Huang’s testimony with Nvidia.
- Mast and two other House Republicans had asked Huang to brief them privately about his relationship with Alice Huang.
- Jensen Huang denied knowing that Alice Huang allegedly worked for the Chinese government.
- House Speaker Mike Johnson said Congress was developing consensus on limiting exports of advanced chips to China.
- Lawmakers from both parties have called for tougher restrictions on China’s access to advanced AI chips.
- Republicans are considering adding new chip export restrictions to the annual defense authorization bill.
- Nvidia CFO Colette Kress is serving as interim CEO while the company searches for a successor.
- Nvidia shares fell 14% at the market open after Huang’s departure was announced and ended the day more than 4% lower.
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