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The White House has said President Donald Trump continues to back Howard Lutnick, as the Commerce Secretary faces criticism from Capitol Hill after reports that he delayed action to curb chip smuggling. There were also concerns about whether the government was properly overseeing Nvidia chip exports to China. The New York Times reported on Wednesday that the Commerce Department did not take action against the Singapore-based firm Megaspeed, which is at the heart of the Nvidia scandal that led to Jensen Huang’s resignation as chief executive. Mr Huang resigned from the company he founded in 1993, days after a bombshell…
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