The controversy surrounding Jensen Huang has impacted lobbying efforts, weakening Nvidia's influence in Washington.

Nvidia's lobbying efforts against restrictions on Chinese companies' access to chips are losing momentum in Washington. This trend has made it easier to advance three bills: the MATCH Act restricts the export of lithography equipment to China; the Overwatch Act gives Congress the authority to oversee the Commerce Department's decisions to approve the sale of AI chips to countries such as China; and the Chip Security Act requires AI chips to have built-in tracking capabilities. The National Defense Authorization Act is expected to pass before the new Congress convenes in January. Republican leaders are pushing the legislation forward and have a say in the final bill's content. (Source: The Information)