President Trump has authorized new restrictions on Nvidia AI chip exports to China, though implementation has faced delays from Commerce Secretary Howard Lutnick following an Oval Office discussion.
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President Trump has authorized new restrictions on Nvidia AI chip exports to China, though implementation has faced delays from Commerce Secretary Howard Lutnick following an Oval Office discussion.
The delay in implementing chip curbs highlights tensions in US-China trade policy, impacting Nvidia's market and raising congressional scrutiny. The post Howard Lutnick stalls Trump's Nvidia chip curbs on China after Oval Office talks appeared first on Crypto Briefing. President Trump on Thursday authorized a crack down on companies suspected of diverting Nvidia's advanced AI chips to China for the third time this year — even consulting Elon Musk before giving the go-ahead.
One administration official has repeatedly stood in the way: Commerce Secretary Howard Lutnick.
Crypto Briefing reported the story as "Howard Lutnick stalls Trump's Nvidia chip curbs on China after Oval Office talks." Axios reported the story as "Scoop: Lutnick stalled curbing Nvidia chip sales to China — again — after Oval Office showdown."
2 sources have covered this story, including Crypto Briefing and Axios. The earliest reporting in the cluster landed about 3 hours ago.
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- FirstAxiosNov 11, 3:59 PM ET · United StatesLeft
- +8mCrypto BriefingNov 11, 4:07 PM ET · United StatesCenter
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[01] VerifiedCore event reported by 2 independent outlets across the spectrum.
[02] DisputedKey facts present in mainstream desks; corroboration thin from wires.
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