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Commerce Dept’s Howard Lutnick to testify before Senate about Nvidia, Megaspeed fiasco

Commerce Dept
New York Post Fews App News Provider
Fews App Post Time 10h ago

Embattled Commerce Secretary Howard Lutnick is set to testify before the Senate about his agency’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 center of the Nvidia “spy” scandal. Senate Banking Chairman Tim Scott (R-SC) sent letters to both Lutnick and recently resigned Nvidia boss Jensen Huang on Thursday requesting they appear at separate hearings in early December to answer 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 statement.

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