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China's Access to some Nvidia Chips in Doubt as Curbs Gain Traction in US Congress - BusinessWorld Online
House Foreign Affairs Chairman Brian Mast reported legislative momentum for at least four new export-control bills following the resignation of Nvidia CEO Jensen Huang.
On Thursday, US House Speaker Mike Johnson said Congress is building consensus to limit chip exports to China following the resignation of Nvidia CEO Jensen Huang.
Reports revealed that Huang had a romantic relationship with Alice Huang, an executive at Megaspeed, a partner suspected of helping China obtain restricted AI chips.
House Foreign Affairs Chairman Brian Mast said it is "very likely" a group of four bills, including the Chip Security Act, will be added to the annual defense bill.
Mast is pressing for Huang to testify soon, stating "We want to see him basically in a week," while lawmakers scrutinize Commerce Secretary Howard Lutnick and Jeffrey Kessler over export oversight.
Analyst Sunny Cheung noted Huang's departure could weaken Nvidia's influence in Washington and stated "Congress can still subpoena him and Nvidia should conduct an independent investigation.