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Senators demand Lutnick testimony over alleged Nvidia chip diversions to China

Published by Seeking Alpha · United States 49 min ago
Anna Moneymaker/Getty Images News
Anna Moneymaker/Getty Images News · Seeking Alpha

Detailed summary

Senate Republicans press Lutnick over Commerce's failure to list Megaspeed, raising risk of tighter Nvidia export rules that could affect overseas sales.

Commerce Secretary Howard Lutnick faces mounting pressure from Senate Republicans to explain why his department did not blacklist Megaspeed International, a Singapore-based company accused of routing Nvidia’s (NVDA) advanced artificial intelligence chips to China.

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