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Bipartisan Lawmakers Press Lutnick as Congressional Probe into Nvidia Scandal Escalates

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nashnova research
·2026-11-12发布·阅读约 11 分钟

U.S. lawmakers from both parties on November 13 demanded Commerce Secretary Howard Lutnick testify on Nvidia export-control failures — the sharpest round of accountability since CEO Jensen Huang's resignation, with scrutiny now extending from corporate misconduct to political donations and policy interference.

01

What did Republican lawmakers say?

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Senator John Cornyn was the bluntest: "Heads need to roll" — he called for a full investigation into deliberate evasion of national-security export controls.
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Senator John Curtis accused Huang of "gross negligence" and questioned whether Lutnick's delays served America's interests.
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Representative Darin LaHood, a member of the House China Select Committee, said Lutnick must testify before Congress as soon as possible, detailing what Commerce did — and did not do — to block China's access to advanced technology.
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Senator Pete Ricketts pressed for answers on why action against Megaspeed was delayed.
02

Who is Megaspeed, and why does it matter?

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Megaspeed is a Singapore-based Nvidia customer. U.S. intelligence officials believe its executive Alice Huang is a Chinese intelligence operative who had an extramarital relationship with Jensen Huang.
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The Entity List — a U.S. government blacklist that cuts listed companies off from American technology — is Washington's core mechanism for keeping advanced tech out of China's military. This means → delaying Megaspeed's listing left a gap in the most critical chokepoint.
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The New York Times reported the Justice Department took over the Megaspeed probe from Commerce last year. In plain terms = Commerce moved too slowly, so the DOJ pulled the case away.
03

What are Democrats pressing on?

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Representative Gregory Meeks asked bluntly: the government suspected Alice Huang for a full year, yet neither listed Megaspeed nor warned Nvidia — "Why?"
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He also questioned whether pressure to approve high-end chip export licenses to China shaped the government's response. This reflects a Democratic pivot from corporate misconduct toward political interference at the policy level.
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Senator Ron Wyden and Representative Richard Neal wrote jointly to Lutnick, demanding Commerce preserve all related records and communications — including Nvidia export-license applications and all exchanges with Jensen Huang.
04

Why are political donations now part of the inquiry?

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The Washington Post reported Nvidia secretly donated $25 million in October 2025 to build a new White House banquet hall — after the company had already secured a government deal to sell chips to China.
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Nvidia also gave $1 million to Trump's January 2025 inauguration.
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Democratic lawmakers asked directly in their letter: "Are political factors improperly influencing the government's policy decisions?" This means → the overlap between the donation timeline and the export-license approval timeline is now treated by Congress as a connection that demands investigation.
05

What does this mean in the bigger picture?

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Lutnick is the second Trump cabinet member pressured by Congress this week — Defense Secretary Pete Hegseth narrowly survived an impeachment vote days earlier.
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This concentrated push comes less than a week after Republicans lost control of both the House and the Senate in midterm elections. This means → Congress's check on the executive branch just grew sharply stronger, and the Trump administration faces accountability pressure on a new scale.
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Nvidia's board has launched an independent review, the DOJ is probing potential export-control violations, and the FBI is investigating suspected intelligence activity — three parallel tracks. Whether Lutnick agrees to testify will be the key signal for what comes next.

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相关标的

4
  • NVIDIANVDA.US+0.3%

    Directly implicated: export control scandal, political donation scrutiny, and escalating congressional investigation suppress stock recovery expectations.

  • iShares Semiconductor ETFSOXX.ETF-0.5%

    Expectations of tighter chip export control policies ripple across the entire semiconductor sector; SOXX is the most liquid industry ETF.

  • Super Micro ComputerSMCI.US+0.5%

    Core downstream server integrator for Nvidia's AI chips; escalating export controls directly impact its GPU server shipment volumes.

  • Taiwan SemiconductorTSM.US+0.4%

    Nvidia's largest foundry supplier; if export controls restrict sales to China, Nvidia's wafer orders to TSMC would be affected.