China on Friday warned the United States against imposing additional controls on semiconductor exports following the scandal surrounding AI chip giant Nvidia and its now former CEO Jensen Huang.
China “has always opposed the abuse of export control measures, which disrupt the stability of global industrial and supply chains and do not serve the interests of any party,” Foreign Ministry spokesman Mao Ning said at a regular press briefing when asked about calls by U.S. lawmakers to impose more limits on exports of chip equipment to China.
“China and the United States should work together to implement the important consensus reached by their respective heads of state and maintain the stable development of China-US economic and trade relations,” Mao said.
Jensen Huang – who resigned on Thursday – admitted to having an affair, apparently with Alice Huang, a former senior executive at Singapore-based data center company Megaspeed. They are not related.
Commerce Secretary Howard Lutnick is under fire over whether his ties to Chinese companies and friendship with Jensen Huang contributed to the federal agency’s lack of oversight over billions in Nvidia AI chip sales. CBS News has learned. The Commerce Department did not respond to a request for comment.
In an interview on CNBC Friday morning, Treasury Secretary Scott Bessent placed the blame on Lutnick’s Commerce Department for not including Megaspeed on the so-called Entity List, which would restrict their ability to access U.S. technology products.
Bessent said his department as well as the Defense Department, the State Department and the U.S. Trade Representative were all in favor of adding Megaspeed to the list.
“They have been supportive of putting Megaspeed on the Entity List for months,” Bessent said, before referring to the Commerce Department’s Bureau of Industry and Security. “Commerce BIS has the pen, and you will need to ask them about their internal processes.”
According to a US official, Lutnick agreed to testify before the Senate Banking Committee on December 10.
Last month, the New York Times reported that about a year ago, President Trump was briefed on intelligence suggesting that Alice Huang was a Chinese asset and had grown close to Jensen Huang and that the president decided to do nothing with the information.
House Speaker Mike Johnson said there is growing consensus in Congress on further strengthening controls on chip exports to China.
According to the Times, U.S. officials circulated a memo last spring citing intelligence that Alice Huang was a spy for China’s Ministry of State Security, its main intelligence agency.
Beijing rejected the allegations and said Thursday they were a “pretext to impose a technological blockade” aimed at preventing China from moving forward. artificial intelligence technology.
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