US Commerce Department chip inquiry into Megaspeed was halted after Nvidia (NVDA) intervention, reports New York Times
Newsquawk Staff ·
- Commerce Department halted a months long investigation into Megaspeed over suspected AI chip smuggling to China after receiving an inquiry from Nvidia’s general counsel.
Sources
- Citrini's Jukan says that "One thing I’ve been able to confirm is that NVIDIA's (NVDA) Rubin has been delayed again. I’m told motherboard warpage caused the latest delay and that the HBM issue was resolved in October"
- US Senator Warren's office says the Trump administration must keep all documents and communications related to NVIDIA's (NVDA) exports of advanced AI chips to China
- Some NVIDIA (NVDA) directors favor CFO Kress as interim CEO, according to Semafor
- Top Democrats target Trump administration's Nvidia (NVDA)-China records, with Senators Warren and Coons asking for documents to be preserved, which is often the initial step before formal congressional investigations, according to WSJ
- US President Trump on Thursday authorised a crackdown on companies suspected of diverting Nvidia's (NVDA) advanced AI chips to China, reports Axios citing sources
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