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Investing.com -- Nvidia (NASDAQ:NVDA) is facing new accusations from U.S. lawmakers over its close ties with China, according to a Wall Street Journal report on Thursday.
Senators Jim Banks (R., Ind.) and Elizabeth Warren (D., Mass.) recently expressed concerns that Nvidia’s planned facility in Shanghai could give China access to advanced technology.
In a letter to Nvidia’s Chief Executive Jensen Huang, the senators stated that the facility’s establishment posed significant national security and economic security issues that required serious review.
The lawmakers demanded a comprehensive timeline and description of Nvidia’s plans for the Shanghai facility, including specifics on research and engineering projects and any financial incentives, the report added.
The senators’ concerns highlight the potential challenges for Nvidia, a company highly valued in the chip-making industry.
The accusations could indicate new hurdles for the company as it navigates its relationship with China and the U.S. government.
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