Lutnick agrees to Senate testimony on Nvidia export controls

Commerce Secretary Howard Lutnick has agreed to testify voluntarily before the Senate Banking Committee about Nvidia chip export controls and the handling of an investigation involving Singapore-based Megaspeed, The Hindu BusinessLine reported, citing CNN and a statement from Lutnick's spokesperson. Committee chairman Tim Scott requested Lutnick's appearance for December 10, 2026, but arrangements were still being worked out. The scrutiny includes Commerce's decision not to put Megaspeed on its Entity List, which restricts access to American technology. Investigators have examined whether Nvidia chips supplied to Megaspeed were diverted to China in violation of export restrictions.