Commerce Secretary Lutnick agrees to testify over Nvidia chip sales

Commerce Secretary Howard Lutnick has agreed to voluntarily appear before the Senate Banking Committee following fallout from the resignation of ousted Nvidia CEO Jensen Huang. Lawmakers are scrutinizing whether the Commerce Department adequately restricted advanced artificial intelligence chips from reaching Chinese companies. The investigation follows revelations regarding Huang's relationship with an alleged Chinese spy and concerns over potential national security threats. Lawmakers have questioned if export control loopholes allowed billions of dollars in advanced chips to be supplied to entities linked to the Chinese government and military.