Wyden and Neal Begin to Investigate Administration Scheme to Take Cut of Nvidia AI Chip Sales to Chinese Companies; Trump and Commerce Department Reportedly Ignored Warnings About Former CEO’s Relationship with Alleged Chinese Spy - U.S. Senate Committee On Finance
Top congressional Democrats launched an investigation into the Trump Administration's alleged scheme to permit sales of advanced Nvidia AI chips to Chinese companies while collecting a 25% tariff under Section 232. The inquiry follows reports that former Nvidia CEO Jensen Huang resigned after maintaining a relationship with an alleged Chinese intelligence asset, which officials reportedly knew about before approving the chip exports. Open article →