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Bessent calls for 'dramatic shakeup' at Nvidia, as Huang agrees to testify

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While praising Huang as an innovator, Bessent argued that technological leadership does not excuse compliance lapses. / Reuters (Wire)
While praising Huang as an innovator, Bessent argued that technological leadership does not excuse compliance lapses. / Reuters (Wire) · TRT World

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The US treasury secretary says Nvidia should look outside the company for its next CEO, while House committees question Huang over national security and export-control concerns.

US Treasury Secretary Scott Bessent has said that American chipmaker Nvidia needs to look outside the company for a new chief executive following the resignation of founder Jensen Huang last week.

"This makes me think that as the board conducts a search for a new leader, they need to go outside the company; with what was going on inside the company, they need a dramatic shakeup," Bessent told Fox News on Sunday.

US President Donald Trump recommended Apple's Executive Chair Tim Cook to become the next chief executive of the American chipmaker following Huang's resignation.

Bessent also called on Nvidia to explain whether it knowingly allowed its most advanced AI chips to reach China, saying this was more important than ex-CEO Jensen Huang's affair with an alleged spy for Beijing.

The United States forbids sales to China of the most cutting-edge AI chips, hoping to stay ahead of the Chinese in the race to dominate artificial intelligence.

In late 2025, President Trump did authorise sales of Nvidia chips called H200s to the Chinese, but not the most advanced chips used to run AI models reshaping modern society.

"What's more important here," he said, "is to examine whether Nvidia had a culture of compliance around the US export restrictions."

He alluded to companies linked to Megaspeed, the Singapore-based data centre company that Huang's alleged partner Alice Huang once worked for.

"And who knew? Because I mean, these shell companies were obvious. They were being investigated. And did Nvidia use them as a workaround to sell chips to the Chinese?"

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