BREAKING: After the Nvidia scandal, Congress moves to pass 4 bills, one letting it BLOCK chip sales to China that Trump approved.
That means lawmakers could stop chip deals with China even after the White House signs off.
Both parties back the bills, which could ride on a must-pass defense bill Trump is unlikely to veto.
"Washington is not ready to move on," Beacon Research analyst Owen Tedford told the FT.
Separately, the WSJ says Alice Huang's former firm, Megaspeed, arranged nearly $12 BILLION of Nvidia chips for companies in China.
Lawmakers now want Commerce Secretary Howard Lutnick to explain how Nvidia was allowed to sell chips to Megaspeed.
$NVDA
#NVDIA
That means lawmakers could stop chip deals with China even after the White House signs off.
Both parties back the bills, which could ride on a must-pass defense bill Trump is unlikely to veto.
"Washington is not ready to move on," Beacon Research analyst Owen Tedford told the FT.
Separately, the WSJ says Alice Huang's former firm, Megaspeed, arranged nearly $12 BILLION of Nvidia chips for companies in China.
Lawmakers now want Commerce Secretary Howard Lutnick to explain how Nvidia was allowed to sell chips to Megaspeed.
$NVDA
#NVDIA
