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Chinese AI firms rush to secure Nvidia chip capacity as spy scandal stirs fear of US curbs: Reuters

Chinese firms are reserving overseas Nvidia capacity as traders stockpile restricted chips, reflecting fears that U.S. rules could tighten access to cloud computing.

  • On Thursday, U.S. lawmakers intensified efforts to pass legislation restricting China's access to advanced artificial intelligence chips following Nvidia CEO Jensen Huang's resignation.
  • Reports of an affair between Huang and an executive suspected of spying for Beijing prompted bipartisan calls for stricter export controls to protect national security.
  • Proposed legislation including the AI Overwatch Act, Chip Security Act, and Match Act would give Congress 30 days to review proposed chip exports to restricted countries.
  • Chinese Foreign Ministry spokeswoman Mao Ning accused Washington of using 'espionage allegations' to justify technology blockades, while Nvidia warned the measure could have 'a material impact on our business.'
  • The Commerce Department will soon close a remote-access loophole used by Chinese firms, with trade suspensions involving Beijing remaining effective through January 10, 2027.
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Jensen Huang's resignation has weakened Nvidia's opposition to a law that would verify where advanced processors sold by the United States end

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(Seoul = Yonhap News) Reporter Lee Seong-han = Chinese artificial intelligence (AI) companies fear that the U.S. will take further semiconductor measures following the outbreak of Nvidia's Jensen Huang scandal...

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exportcompliancedaily.com broke the news on Tuesday, November 10, 2026.
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