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TechCrunch · AI· Julie Bort·· 3 days agoAI score58

Democrats launch Nvidia investigation, write scathing letter on Huang’s ‘scheme’ with Trump

Democrats launch Nvidia investigation, write scathing letter on Huang’s ‘scheme’ with Trump

AI summary

Rep. Richard Neal and Sen. Ron Wyden opened a Democratic inquiry into how the Trump administration handled Nvidia's chip sales to China, sending a letter to Commerce Secretary Howard Lutnick asking the department to preserve records about an arrangement they allege is illegal. The letter questions why Lutnick allowed Megaspeed to keep buying chips after being reportedly informed of suspicions about Alice Huang and her relationship with Jensen Huang, and asks how Nvidia's $26 million in donations to Trump's projects factored in. The inquiry follows Nvidia's ouster of CEO Jensen Huang, who agreed to testify before a separate Republican-led group of Congressional committees.

Source: TechCrunch · AI · techcrunch.com