Bessent Calls for Outsider to Lead Nvidia

US Treasury Secretary Scott Bessent has called on Nvidia's board to look outside the company for its next leader. He made the remarks in an interview on Fox News's Sunday Morning Futures programme, according to Al Jazeera.

Bessent said the board should go beyond the company's current ranks in its search for the person who will succeed Jensen Huang. The Treasury chief is a senior member of the US government, which has a say over how advanced American technology is sold abroad.

He also gave the board a deadline. Bessent said Nvidia had 10 days to show that it complies with US export controls, the rules that govern which technology can be shipped overseas and to whom. Export controls are a central tool of US economic policy, and breaches can carry legal consequences for companies.

Bessent said he wants answers within those 10 days from Nvidia's board and from outside counsel, the lawyers the company brings in from outside to advise on legal matters. He asked about the company's culture and about what he described as potentially illicit sales.