Lutnick agrees to testify as Bessent blames him for chip sales

Washington — Commerce Secretary Howard Lutnick has agreed to testify before the Senate Banking Committee on Dec. 10, according to a U.S. official, amid intensifying scrutiny of the Commerce Department’s oversight of the export of powerful AI chips following the resignation of Nvidia CEO Jensen Huang. A growing number of Republicans are calling on Lutnick to answer questions about the Commerce Department’s apparent delay in adding Singapore-based company Megaspeed International to the U.S. government’s Entity List, which would have restricted the company’s ability to get access to advanced AI chips. Megaspeed was previously led by Alice Huang, the suspected Chinese spy who had an affair with Jensen Huang. The U.S. government suspects Megaspeed of directing advanced Nvidia chips to China, circumventing a U.S. export ban. GOP Sen.

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