Nvidia Corporation (NASDAQ:NVDA) is reportedly facing bipartisan criticism from U.S. senators over its plans to establish a facility in China, with concerns raised about the potential transfer of advanced technology to the country.
What Happened: Senators Jim Banks (R-Ind.) and Elizabeth Warren (D-Mass.) have written to Nvidia’s CEO Jensen Huang expressing their apprehensions about the company’s Shanghai facility, reported The Wall Street Journal on Thursday. The senators have asked for a detailed timeline and overview of the facility’s plans, including specific research and engineering initiatives, as well as any financial incentives involved.
The facility “raises significant national security and economic security issues that warrant serious review,” the Senators wrote in the letter.
An Nvidia spokesperson stated that the company is only leasing a new space for its existing employees, with no plans to send …
Full story available on Benzinga.com
Nvidia Corporation (NASDAQ:NVDA) is reportedly facing bipartisan criticism from U.S. senators over its plans to establish a facility in China, with concerns raised about the potential transfer of advanced technology to the country.
What Happened: Senators Jim Banks (R-Ind.) and Elizabeth Warren (D-Mass.) have written to Nvidia’s CEO Jensen Huang expressing their apprehensions about the company’s Shanghai facility, reported The Wall Street Journal on Thursday. The senators have asked for a detailed timeline and overview of the facility’s plans, including specific research and engineering initiatives, as well as any financial incentives involved.
The facility “raises significant national security and economic security issues that warrant serious review,” the Senators wrote in the letter.
An Nvidia spokesperson stated that the company is only leasing a new space for its existing employees, with no plans to send …
Full story available on Benzinga.com
Nvidia Corporation (NASDAQ:NVDA) is reportedly facing bipartisan criticism from U.S. senators over its plans to establish a facility in China, with concerns raised about the potential transfer of advanced technology to the country.
What Happened: Senators Jim Banks (R-Ind.) and Elizabeth Warren (D-Mass.) have written to Nvidia’s CEO Jensen Huang expressing their apprehensions about the company’s Shanghai facility, reported The Wall Street Journal on Thursday. The senators have asked for a detailed timeline and overview of the facility’s plans, including specific research and engineering initiatives, as well as any financial incentives involved.
The facility “raises significant national security and economic security issues that warrant serious review,” the Senators wrote in the letter. An Nvidia spokesperson stated that the company is only leasing a new space for its existing employees, with no plans to send …Full story available on Benzinga.com Read Morebenzinga neuro, Elizabeth Warren, Jensen Huang, Jim Banks, national security, News, NVDA, tech war, US China Relations, Markets, Tech, NVDA, US67066G1040, News, Markets, Tech, Benzinga Markets
