From CBS News · · 50s
China warns U.S. against new chip export controls
Beijing opposes tighter semiconductor restrictions as Congress pushes back on Nvidia sales and questions Commerce Secretary Lutnick's oversight.
In brief
Beijing opposes tighter semiconductor restrictions as Congress pushes back on Nvidia sales and questions Commerce Secretary Lutnick's oversight. China warned the U.S. against new chip export controls after Jensen Huang's resignation from Nvidia amid an affair scandal involving alleged Chinese intelligence ties…
China opposes tighter chip controls
China's foreign ministry spokesperson Mao Ning warned Friday against new U.S. export restrictions on semiconductors, saying they disrupt global supply chains and serve no party's interests.
“China has consistently opposed the abuse of export control measures, which disrupts the stability of global industrial and supply chains and serves no party's interests.”
Huang scandal triggers oversight questions
Jensen Huang resigned Thursday after admitting to an affair with Alice Huang, a former senior executive at Singapore-based Megaspeed. Commerce Secretary Howard Lutnick faces criticism over his ties to Chinese companies and friendship with Huang.
Congress seeks stricter export limits
House Speaker Mike Johnson said there is growing consensus in Congress for further tightening controls on chip exports to China.
Here's the gist
China warned the U.S. against new chip export controls after Jensen Huang's resignation from Nvidia amid an affair scandal involving alleged Chinese intelligence ties.
