Before the Nvidia scandal detonated and quickly took down its founder and CEO over his affair with a suspected Chinese spy, senior officials in the Trump administration were calling for tighter export controls on Nvidia chips to China.
Former CEO Jensen Huang had cozied himself up to Trump, but there was another person with whom Huang also developed a close relationship, and that was Commerce Secretary Howard Lutnick.
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Yes, the same Howard Lutnick who was close to Jeffrey Epstein.
The New York Times reported:
There is broad agreement among most senior Trump administration officials that the United States should more aggressively tighten controls on Nvidia’s advanced chips to keep China from using them to catch up in the race to dominate artificial intelligence.
Then there is Howard Lutnick, who runs the Commerce Department.
Over the past year, Mr. Lutnick has frequently clashed with top officials over how to regulate sales of advanced technology, particularly Nvidia’s chip sales to Asia. That has drawn accusations from others in the administration and in Congress that the Commerce Department has become too cozy with Nvidia and its co-founder, Jensen Huang, and failed to adequately police the firm’s chip sales to China, in particular.
A media report is one thing, but on Friday morning, Trump’s Treasury Secretary Scott Bessent went on CNBC and completely nuked his Commerce Secretary.
