In the United States will check the possible circumvention of export restrictions by Nvidia

U.S. authorities are investigating whether Nvidia may have used shell companies to circumvent U.S. export restrictions and sell chips to China, U.S. Treasury Secretary Scott Bessent told Fox News.

"The shell companies were obvious, they are being investigated whether they were used by Nvidia to circumvent restrictions and sell chips to the Chinese," Bessent said.

The Minister also asked who could have known about these actions.

Bessent admitted that Nvidia could increase profits due to allegedly illegal sales of chips, reports CNBC. The minister also drew attention to the increase in revenue reflected in the Singapore reports, against the background of a decrease in sales in China.

Reuters reported that Bessent also urged Nvidia's management to make drastic changes following the resignation of CEO Jensen Huang and to seek a new executive outside the company.

Huang left the post on November 12 after publications about his treason, including with the former head of Singapore’s Megaspeed company, Alice Huang, whom US intelligence agencies suspect of spying for China. Megaspeed itself was suspected of shipping Nvidia chips to China, bypassing US export restrictions.