Lutnick Pushed to Weaken Chip Rules That Overlap With His Family Business
The New York Times reports that Commerce Secretary Howard Lutnick has pushed to weaken rules on Nvidia chip sales to Southeast Asian data centers that serve Chinese clients, while his family firm Cantor Fitzgerald has financial ties to several such centers, including Bitdeer's Malaysian facility A201, which will supply computing power to a Chinese tech giant. Lawmakers including Senator Elizabeth Warren have called for an investigation, though the Commerce Department says Lutnick has complied with all ethics agreements.
