Howard Lutnick to testify before Senate on Nvidia, Megaspeed fiasco | Latest Tech News
Embattled Commerce Secretary Howard Lutnick is set to testify before the Senate about his company’s handling of AI chip export controls – even as Treasury Secretary Scott Bessent and others blame him for failing to crack down on the Chinese firm at the middle of the Nvidia “spy” scandal.
Senate Banking Chairman Tim Scott (R-SC) despatched letters to both Lutnick and lately resigned Nvidia boss Jensen Huang on Thursday requesting they seem at separate hearings in early December to reply questions about “our national security and the protection of sensitive US technology.”
“Secretary Lutnick has proactively agreed to appear voluntarily before the Banking Committee to address their questions,” a Commerce Department spokesperson said in a assertion.
Commerce Secretary Howard Lutnick testifies during a Senate Appropriations subcommittee listening to in Washington on April 22. Getty Images
Lutnick’s job could also be in jeopardy as critics on Capitol Hill query why the company didn’t blacklist Megaspeed – a Singapore-based firm led by Alice Huang, the alleged Chinese spy who had an affair with Jensen Huang, no relation. Commerce didn’t take motion even as US officers grew involved Megaspeed was smuggling superior chips to China.
Prior to a journey President Trump took to China in mid-May, Lutnick obtained a “highly classified memo” warning him about Jensen Huang’s relationship with Alice Huang, Axios reported this week.
Despite that data, Commerce didn’t take motion against Megaspeed or update its enforcement of guidelines proscribing chip shipments to Southeast Asia.
As The Post beforehand reported, rumblings on “bad findings about Megaspeed” swirled within the Commerce Department at least as far back as summer season 2025.
The Commerce Department and its Bureau of Industry and Security, led by Bessent aide Jeffrey Kessler, are accountable for imposing export controls.
A former Commerce Department official told The Post that the company was close to publishing a rule in July 2025 requiring export licenses for superior chip gross sales to sure nations in Southeast Asia and obtained sign-off from other related businesses – but Lutnick “refused to publish it.”
The brand of data heart company Megaspeed International is displayed at its workplace in Singapore on Tuesday. AFP via Getty Images
Jensen Huang, co-founder and CEO of Nvidia, speaks during GTC Berlin on Oct. 21. dpa/image alliance via Getty Images
Meanwhile, Bessent went after Lutnick in a Friday interview on CNBC – asserting that other Trump administration officers have been ready on Commerce to take decisive motion.
“Treasury, War, [the US Trade Representative] and State — they were in favor of putting Megaspeed on the entity list for months, but Commerce has the pen,” Bessent said. “You have to ask them about their internal processes.”
Treasury Secretary Scott Bessent speaks during a press convention in St. Cloud, Minn., on Oct. 30. Leila Navidi/Minnesota Star Tribune via AP
After the Nvidia scandal blew up publicly, Bessent reportedly confronted Lutnick during a assembly in the Situation Room and requested why Commerce hadn’t named Megaspeed as an entity of concern.
The Commerce Department didn’t immediately return The Post’s request for remark.
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