Nvidia CEO Jensen Huang Declines Senate Banking Committee Invitation to Testify on China AI Chip Sales

Nvidia CEO Jensen Huang declined an invitation from Senator Elizabeth Warren to testify before the Senate Banking Committee on June 11 regarding Nvidia's compliance with US export control law and its China business, CNBC and Yahoo Finance/Quartz reported June 8. Warren's June 4 invitation followed multiple Department of Justice enforcement actions alleging schemes to divert Nvidia H100 and H200 chips worth an estimated $160 million to China through Malaysia and Thailand-registered intermediaries. Huang's refusal came the same week Nvidia disclosed forward guidance excluding roughly $50 billion in annual China data-center revenue from its fiscal projections — a tacit acknowledgment that the company does not expect near-term relief from export restrictions following the May 2026 Trump-Xi summit, which produced zero H200 chip shipment authorizations. The episode illustrates the widening gap between Nvidia's commercial incentives (recovering lost China market share, which fell from over 90% to roughly 50% amid the policy uncertainty) and Congressional scrutiny of the company's compliance posture. Senators Warren and Andy Kim have separately criticized a BIS enforcement gap that may have allowed hundreds of thousands of advanced AI chips to reach China via Singapore- and Malaysia-registered subsidiaries before a June 1 guidance clarification closed the loophole.