Nvidia Faces Stricter US Export Controls on China Chip Sales as Scrutiny Mounts

U.S. lawmakers are preparing to impose tighter export restrictions on Nvidia's semiconductor sales to China as early as next month. The legislative push comes alongside plans for congressional hearings and investigative inquiries assessing national security concerns. Bipartisan scrutiny in Washington intensified following requests for CEO Jensen Huang to address chip sales to China and potential targeting by Chinese intelligence operatives. While Nvidia's board has reaffirmed its support for Huang, shares dropped between 5.28% and 6.02% amid escalating political and regulatory uncertainty surrounding its international revenue pipeline.