Criticism of U.S. Commerce Secretary Howard Lutnick has intensified following reports that he failed to act in the Nvidia case. The Donald Trump administration is discussing whether to fire him, the Associated Press reported. The focus is a delay in adding Singapore-based Megaspeed, a company linked to Alice Huang, to the U.S. trade blacklist, as well as an intelligence report on Huang’s ties to Nvidia chief Jensen Huang. This week, Jensen Huang stepped down; CFO Colette Kress took over as interim head of the company. Members of Congress are demanding answers from Nvidia’s leadership and the administration, while support is growing in Congress for restricting exports of advanced chips to China.
A screengrab from video footage by CTI shows Alice Huang (right), a Chinese executive linked to Megaspeed, at a dinner hosted by Nvidia’s chief executive and co-founder Jensen Huang at a restaurant in Taipei, Taiwan, on 22 May 2025. Photograph: CTI/AFPTV/AFP/Getty Images
Source: theguardian.com
Nvidia’s headquarters in Santa Clara, California. Photograph: Benjamin Fanjoy/Getty Images
Source: theguardian.com
The Taiwan Stock Exchange opened 627.88 points higher at 43,719.75, with a turnover of 21.86bn New Taiwan dollars ($662.87m), amid uncertainty in the AI sector. Photograph: Ritchie B Tongo/EPA
Source: theguardian.com
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