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

Democrats on the House Ways and Means and Senate Finance Committees launched an inquiry into the Trump administration's approval of Nvidia's chip sales to China, sending a letter to Commerce Secretary Howard Lutnick demanding preservation of records. The letter alleges a "scheme" where Trump allowed sales of Nvidia's H200 chips to China if first shipped to the U.S., imposed a tariff described as an unconstitutional export tax, and then issued an export license. It questions why Megaspeed, a Singapore-based Nvidia customer, was allowed to buy chips despite U.S. intelligence suspicions about executive Alice Huang's ties to China and her relationship with then-CEO Jensen Huang. The letter also asks whether Nvidia's $26 million in donations to Trump's projects influenced the deal, and whether Trump used knowledge of Huang's affair to secure donations. This follows Huang's resignation after confessing to an extramarital affair, and a separate Republican-led inquiry where he agreed to testify.

(Source：TechCrunch)