Warren Invites Jensen Huang to Senate Hearing Focusing on AI Chip Sales to China

TradingKey - On June 4, Eastern Time, U.S. Democratic Senator Elizabeth Warren officially invited NVIDIA ( NVDA) CEO Jensen Huang to testify at a Senate Banking Committee hearing on June 11 regarding NVIDIA's business in China, U.S. export control policies, and AI chip sales.

In the letter, Warren expressed hope that Huang would confirm his attendance by June 8, stating that "appearing as a witness will provide you with an opportunity to testify on NVIDIA’s views on U.S. export control laws and regulations as well as NVIDIA’s business in China."

In a recent interview with CNBC, Warren stated that she is concerned about U.S. companies profiting from technology sales that could undermine national security: "The Chinese are actually buying our products, and U.S. companies are profiting from it, but it undoubtedly undermines our long-term security." She also noted that AI chips exported to the Chinese market "are not just used in the AI industry; they are also being used for military purposes in China."

Just weeks before this hearing invitation was issued, Huang accompanied U.S. President Trump on a visit to China for a U.S.-China summit. That visit highlighted the delicate balance NVIDIA must maintain between adhering to U.S. national security objectives and maintaining access to the Chinese market.

Notably, just before the hearing invitation was sent, Huang responded in early June to whether Vera CPUs would be sold to China, stating that NVIDIA will fully comply with export controls and local policies, and that supplying China "is not a business decision, but a regulatory one."

In a recent CNBC interview, Huang admitted that NVIDIA has "essentially ceded the Chinese AI chip market to Huawei," and said that "the development of the ecosystem for local Chinese chip companies is quite good." According to data released by IDC in April 2026, NVIDIA's share of China's AI accelerator card market in 2025 dropped from its previous absolute dominance of nearly 95% to about 55%, while Huawei led domestic chips with a market share of about 20%.

Meanwhile, the Senate's scrutiny echoes an independent investigation launched by Republicans on the House Energy and Commerce Committee. This indicates that AI chip export controls have become a rare area of bipartisan consensus, although both sides still differ on the scope and stringency of restrictions.

In addition to national security, Warren also discussed other impacts of AI. In her CNBC interview, she warned that AI could cause a massive shock to the labor market and called for an excise tax on data centers to fund healthcare, childcare, education, and vocational training.

If Huang attends the hearing, he will face direct questioning from senators regarding his China strategy and stance on export controls. NVIDIA has not yet commented on the matter.