• Thanks for stopping by. Logging in to a registered account will remove all generic ads. Please reach out with any questions or concerns.

Nvidia - Chips, China and what did the WH and its Cabinet know?

Czech_pivo

Army.ca Fixture
Subscriber
Reaction score
9,075
Points
1,260
Hope that its ok that I start this as a new thread.

I think that we are just the beginning of unwinding of this ball on string and don't know who or what will be uncovered. This has the hallmarks of a John Le Carre novel.

The count is now up to 3 women that have come forward to having an ongoing affair with Huang. He is currently married.

I'd taken some snippets from the article and added them below.


Nvidia is done with Jensen Huang. The fallout in Washington is just beginning​


Huang, the leather-jacket-clad CEO of the world’s most important chipmaker, resigned from Nvidia on Thursday after revelations that he had an affair with a suspected Chinese spy. But the spy saga is gripping Washington, and lawmakers are preparing for investigations into how the now-ex-CEO’s affair may have damaged U.S. artificial intelligence dominance, the national security implications and the executive’s close relationship with President Donald Trump and his Cabinet.

“In this environment where there’s some really high stakes when it comes to our national security, I would expect there would be some follow-up, yeah,” Senate Majority Leader John Thune, R-S.D., told reporters at the Capitol on Thursday.

Huang and the woman with whom he reportedly had a relationship, Alice Huang, an executive at the Singaporean technology company Megaspeed and an alleged Chinese spy have drawn congressional attention. And Commerce Secretary Howard Lutnick has drawn fire after reports this week that he stalled President Donald Trump’s crackdowns on firms routing Nvidia chips to China.

The New York Times reported on Monday that Nvidia’s general counsel, Tim Teter, claimed in emails to Commerce investigators probing Alice Huang’s company that he’d been in touch with Jeffrey Kessler, who leads BIS. The Commerce investigation into Megaspeed, which allegedly smuggled restricted chips to China, was then transferred to the Justice Department.

“From an intelligence committee perspective, you can imagine from an AI perspective, how important this is for our national security, for our critical infrastructure and understand when it comes to chip policy, what exactly got to China and ... did Megaspeed divert chips?” Gottheimer said.

The calls for immediate investigation into Huang and Nvidia on the day of his resignation represent a stunning fall from grace in the halls of power for the former CEO. Huang was one of the most effective voices for the AI industry in Washington — able to toggle between leveraging his relationship with Trump and defending his industry from fears about AI’s risks to lawmakers.

Huang has repeatedly resisted export controls publicly, a move that has rubbed some lawmakers the wrong way.
 
Hope that its ok that I start this as a new thread.

I think that we are just the beginning of unwinding of this ball on string and don't know who or what will be uncovered. This has the hallmarks of a John Le Carre novel.

The count is now up to 3 women that have come forward to having an ongoing affair with Huang. He is currently married.

I'd taken some snippets from the article and added them below.


Nvidia is done with Jensen Huang. The fallout in Washington is just beginning​


Huang, the leather-jacket-clad CEO of the world’s most important chipmaker, resigned from Nvidia on Thursday after revelations that he had an affair with a suspected Chinese spy. But the spy saga is gripping Washington, and lawmakers are preparing for investigations into how the now-ex-CEO’s affair may have damaged U.S. artificial intelligence dominance, the national security implications and the executive’s close relationship with President Donald Trump and his Cabinet.

“In this environment where there’s some really high stakes when it comes to our national security, I would expect there would be some follow-up, yeah,” Senate Majority Leader John Thune, R-S.D., told reporters at the Capitol on Thursday.

Huang and the woman with whom he reportedly had a relationship, Alice Huang, an executive at the Singaporean technology company Megaspeed and an alleged Chinese spy have drawn congressional attention. And Commerce Secretary Howard Lutnick has drawn fire after reports this week that he stalled President Donald Trump’s crackdowns on firms routing Nvidia chips to China.

The New York Times reported on Monday that Nvidia’s general counsel, Tim Teter, claimed in emails to Commerce investigators probing Alice Huang’s company that he’d been in touch with Jeffrey Kessler, who leads BIS. The Commerce investigation into Megaspeed, which allegedly smuggled restricted chips to China, was then transferred to the Justice Department.

“From an intelligence committee perspective, you can imagine from an AI perspective, how important this is for our national security, for our critical infrastructure and understand when it comes to chip policy, what exactly got to China and ... did Megaspeed divert chips?” Gottheimer said.

The calls for immediate investigation into Huang and Nvidia on the day of his resignation represent a stunning fall from grace in the halls of power for the former CEO. Huang was one of the most effective voices for the AI industry in Washington — able to toggle between leveraging his relationship with Trump and defending his industry from fears about AI’s risks to lawmakers.

Huang has repeatedly resisted export controls publicly, a move that has rubbed some lawmakers the wrong way.

We're at 3 now ?
 
raises hand and mumbles …four…

Lol

Savage Af GIF
 
The most damming is the president was briefed on this by Rubio months ago and decided to do nothing about it, except allow the export of Nvidia chips to China, which Hiang was lobbying for, and bring Huang to China during his state visit. All while Huang was donating boatloads of cash to Trump’s schemes and Liberace-meets-Saddam Hussein ballroom.

Everyone is going to get covered in manure in this one.
 
And the allegations continue. Below is just some snippets from the attached article. The allegations are lining up with Lutnick in the crosshairs.....possibly enough information comes to light (IF it even exists....) that Lutnick may be the sacrificial lamb that the WH may need to offer up.

Lutnick faces questions over Nvidia spy scandal. His sons’ firm has deep ties to the chipmaker​



In late September, Cantor Fitzgerald hosted Nvidia CEO Jensen Huang and other top executives from the chipmaker for investor meetings in New York, according to a Cantor research report reviewed by CNBC.

The Wall Street firm liked what it heard.

“We continue to view NVDA as the best risk/reward in our coverage,” Cantor analyst C.J. Muse and his colleagues wrote in a research report dated Oct. 3 that maintained a $350 price target and overweight rating on the stock.

Yet the firm, formerly run by Commerce Secretary Howard Lutnick and now led by his sons, Brandon and Kyle, reported a nearly 50% decline in the number of Nvidia shares it held between September 2025 and March 2026, according to a CNBC analysis of securities filings that excludes options. Nvidia had been one of the largest stock positions reported in Cantor’s filings.

The decline coincided with White House and U.S. intelligence officials pressing Lutnick to crack down on Megaspeed, a Singapore-based company suspected of funneling Nvidia’s advanced artificial intelligence chips to China. Lutnick repeatedly resisted those efforts, Axios reported Nov. 11.

Even as Cantor pared back its Nvidia stake, it continued doing business across the chipmaker’s AI empire. A CNBC review of securities filings, corporate announcements and Wall Street research found the firm has helped arrange billions of dollars in financing for Nvidia’s business partners while maintaining close ties to the chipmaker’s leadership.

Those ties have drawn fresh scrutiny following Huang’s resignation Thursday and Axios’ reporting that Lutnick repeatedly resisted a crackdown on companies suspected of smuggling Nvidia chips to China, despite President Donald Trump authorizing new export restrictions on those companies for a third time on Nov. 5.

An ethics expert said the relationship between Lutnick and his former firm’s investments may raise questions, given what the secretary knew about Nvidia.

“His conversations with his sons better be about publicly available information,” Painter told CNBC.

Trump is standing by Howard Lutnick. A White House official told Reuters on Thursday that the president maintains “complete confidence” in the commerce secretary.

But cracks in the administration’s unity emerged Friday, when Treasury Secretary Scott Bessent told CNBC’s “Squawk Box” that the departments of Treasury, Defense and State and the Office of the U.S. Trade Representative all “were in favor of putting Megaspeed on the entity list for months.”

Bessent pointed to Commerce as the department responsible for imposing the entity list, which identifies restricted businesses and other groups, adding, “You will have to ask them about their internal processes.”

Pressure on Howard Lutnick was also mounting on Capitol Hill. Sens. Jim Banks, R-Ind., and Elizabeth Warren, D-Mass., in March urged the secretary to suspend or reconsider Nvidia’s export licenses after three people linked to Nvidia customer Super Micro Computer were indicted on charges of conspiring to smuggle AI chips to China.

“The Trump administration, I think, leaks like a sieve when it comes to nonpublic government information getting to various hedge fund guys,” Painter said, though he stressed there is no evidence Howard Lutnick had shared such information with his sons.

As concerns about Huang escalated inside the Trump administration in May, according to the Nov. 11 Axios report, Cantor was helping finance the expansion of one of Nvidia’s newest business partners, securities filings show.

On May 7, Nvidia and Australia-based cloud computing provider IREN announced a five-year, $3.4 billion cloud computing contract and a strategic partnership giving the chipmaker the right to invest up to $2.1 billion in IREN.

Five days later, as Trump headed to China aboard Air Force One, Secretary of State Marco Rubio warned him about Huang’s relationship with a suspected Chinese spy, The New York Times reported Tuesday. Huang, who had not initially been invited on the trip, joined the president’s delegation during a refueling stop in Alaska.

Howard Lutnick had already been sent a highly classified intelligence memo detailing concerns about Huang’s relationship,
according to the Nov. 10 Axios report.

On May 12, the day Trump departed for China, IREN announced the pricing of a convertible bond offering that ultimately raised $3 billion when it closed two days later. Cantor was one of seven bookrunners on the deal, alongside JPMorgan Chase and Goldman Sachs.

On the day the offering closed, May 14, Lutnick’s Commerce Department quietly cleared roughly 10 Chinese companies, including Alibaba and ByteDance, to buy Nvidia’s advanced H200 chips, though some of those approvals predated the intelligence memo.
It is unclear when IREN hired Cantor for the offering or how much the firm earned from the deal. Cantor declined to answer CNBC’s questions about its work with IREN.

Cantor reported a substantial position in IREN’s stock.

By the end of June, Cantor reported $115 million in IREN shares and $362 million in Nvidia shares. Together, the two companies accounted for more than 9% of the value of Cantor’s reported $5.2 billion in securities holdings,
 
Back
Top