Analysis: Jensen Huang's Departure Coupled with Democratic Control of Congress, Tech Giants May Face Stricter Scrutiny

BlockBeats news, November 13, according to CNBC, Jensen Huang's resignation as NVIDIA CEO, coupled with the Democrats winning both chambers of Congress in the US midterm elections, may make corporate executives more cautious about publicly aligning with the White House. CNBC reporter Steve Liesman believes that the space for companies to directly participate in policy-making may narrow, and large tech companies could also face stricter congressional scrutiny and regulatory pressure.

Midterm election surveys show that 90% of respondents considered corruption a key or major issue influencing their vote, 1 percentage point higher than the cost of living. Another pre-election survey showed that 93% of respondents opposed elected officials such as the president and members of Congress personally holding or trading stocks of federal government contractors, and 89% opposed the president's family members receiving government contracts.

Citing NVIDIA as an example, Liesman noted that the company had joined other large enterprises in donating to the White House ballroom project. This controversy has drawn more attention to the relationship between tech executives and the White House and to corporate influence in chip export policy. Democratic Senator Elizabeth Warren called on Congress to pass bipartisan bills such as the AI Overwatch Act to restrict China's access to advanced US AI technology. Warren argued that large tech company CEOs cannot be counted on to put national security above corporate profits.

However, even if Democrats control both chambers of Congress, they may not be able to muster the votes needed to override a presidential veto. Liesman believes the earlier change may be corporate executives voluntarily lowering the profile of their public dealings with the White House; some Republican lawmakers from swing states may also cooperate with Democrats on issues such as data center construction, environmental protection, and corporate regulation.