The US Treasury chief, Scott Bessent, has demanded that Nvidia demonstrate compliance with US export controls within 10 days. The request follows concerns over the company’s adherence to regulations.
Bessent called for an outsider to lead Nvidia, signaling a potential leadership change. He also questioned the company’s culture and its practices in selling advanced AI chips. The Treasury secretary accused Nvidia of possibly engaging in illicit sales to increase profits.
This follows a broader scrutiny of tech firms and their compliance with export laws. Nvidia has faced increasing pressure over its AI chip exports, particularly to countries under sanctions. The situation highlights growing regulatory challenges for major tech companies.
The Treasury’s actions come amid heightened global tensions over technology exports. Nvidia’s response will be critical in determining its future regulatory standing. The company is expected to provide detailed compliance reports within the given timeframe.
