US authorities are investigating whether tech giant Nvidia circumvented export controls through straw companies, US Treasury Secretary Scott Besant said. "These straw companies were clear, they were investigated, and whether Nvidia used them as a workaround to sell chips to the Chinese," he told Fox News. According to Besant, the investigators are checking the nature of Nvidia's transactions with the companies in question and whether the management of the technology giant was aware of them.

US authorities are investigating whether tech giant Nvidia circumvented export controls through straw companies, US Treasury Secretary Scott Besant said. "These straw companies were clear, they were investigated, and whether Nvidia used them as a workaround to sell chips to the Chinese," he told Fox News. According to Besant, the investigators are checking the nature of Nvidia's transactions with the companies in question and whether the management of the technology giant was aware of them.