China warns US against imposing more chip export restrictions
What's the story
China has warned the US against imposing further semiconductor export restrictions. The warning comes as the controversy surrounding NVIDIA, a leading AI chip manufacturer, continues to grow. Responding to US lawmakers' calls for stricter limits on chip equipment sales to China, Chinese foreign ministry spokeswoman Mao Ning said her government has "consistently opposed the abuse of export control measures."
Trade impact
Huang to testify before Congress in December
Ning added that such measures disrupt global industrial and supply chains, and "serve no party's interests."
The statement highlights China's concerns over the potential impact of US semiconductor export restrictions on international trade.
The warning comes as US lawmakers are set to question Jensen Huang, a key figure in the AI boom, in December.
Personal revelations
Controversy surrounding Huang
Huang, who stepped down as NVIDIA's CEO after admitting to an extramarital affair with Alice Huang, a former senior executive at Singapore-based data center firm Megaspeed, has been embroiled in controversy.
Reports suggest that US intelligence circulated a memo this spring claiming she was an asset of China's Ministry of State Security.
Beijing has denied these allegations.
Corporate investigation
NVIDIA's inquiry into foreign intelligence effort targeting Huang
NVIDIA's board has launched an inquiry into reports that Huang was targeted in a "foreign intelligence effort."
Despite the ongoing investigation, the board maintains its confidence in him.
The company has not provided any explanation for Huang's departure from his CEO position or his exit from the board.
Market response
Impact of Huang's exit on NVIDIA
Huang's exit has cost NVIDIA nearly half a trillion dollars in market value and raised national security concerns.
Chief Financial Officer Colette Kress is currently serving as interim CEO while the board searches for a permanent successor.
Despite the leadership transition, the board has assured that operations and product roadmap will continue without interruption.
Political ties
Huang's lobbying against advanced AI chip sales restrictions to China
Huang, a Taiwan-born tech mogul, was an informal adviser to President Donald Trump on AI.
He had long lobbied against restrictions on advanced AI chip sales to China over national security concerns.
Following Huang's exit, Trump suggested former Apple CEO Tim Cook as a potential successor for NVIDIA's top job.