US investigates if Nvidia was selling chis to China bypassing restrictions — Bessent

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US Treasury Secretary said, that investigators are looking into the exact nature of Nvidia’s dealings with the companies in question and whether the tech giant’s management was aware of them

NEW YORK, November 15. /TASS/. The US authorities are investigating whether the tech giant Nvidia circumvented export controls using front companies, US Treasury Secretary Scott Bessent said.

"These shell companies were obvious, they were being investigated, and did Nvidia use them as a workaround to sell chips to the Chinese," he told Fox News.

According to Bessent, investigators are looking into the exact nature of Nvidia’s dealings with the companies in question and whether the tech giant’s management was aware of them.

On Thursday, Jensen Huang had previously stepped down as CEO and president of Nvidia, the world’s leading manufacturer of artificial intelligence chips, and resigned from its board of directors. On November 8, Nvidia’s board of directors announced the launch of an investigation into Huang. He admitted to having a romantic relationship with a woman who was allegedly suspected of spying for China. The Chinese Foreign Ministry stated that it considers allegations that a woman associated with Huang worked for Chinese intelligence to be slander.

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