Nvidia’s Huang, Lutnick summoned to testify to US Senate
Summary
Senate Banking Committee Chairman Tim Scott asked Jensen Huang and Commerce Secretary Howard Lutnick to testify at a public hearing on December 3 about concerns involving Nvidia and semiconductor exports to China. House committees also requested hearings with Nvidia and Commerce officials as lawmakers raised national security concerns and called for tighter export controls.Key Facts
- Scott said Huang and Lutnick could face subpoenas if they do not appear.
- Huang resigned as Nvidia’s CEO amid revelations about alleged extramarital affairs, including with a woman U.S. authorities suspect of spying for China.
- Nvidia’s market value fell below $4 trillion for the first time since July 2025.
- Lawmakers alleged that Nvidia’s exports of advanced semiconductors to China did not receive proper scrutiny.
- Lawmakers accused Lutnick’s Commerce Department of refusing to add dozens of Chinese companies to a U.S. trade blacklist.
- Three House committees requested separate December 1 and 2 hearings with Huang and Nvidia General Counsel Tim Teter, and summoned Commerce Under Secretary Jeffrey Kessler for December 3.
- China denied the spying allegations and warned that tighter U.S. semiconductor export rules could disrupt global industry and supply chains.
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