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Huang Case Weakens Nvidia
Claims linking Nvidia CEO Jensen Huang to a suspected Chinese agent have weakened the company’s ability to lobby against restrictions on AI chip exports to China and heightened lawmakers’ concerns about Beijing gaining access to advanced technologies. The likelihood is growing that new controls will be included in a defense bill before the end of the year, including a requirement that advanced chips have mechanisms to verify and track their locations to curb smuggling, with support from both Republican and Democratic leaders. Nvidia warns that these requirements would increase costs, while supporters of the restrictions argue they would limit China’s access to U.S. chips.
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