His testimony came as investors await Nvidia’s earnings release, when the company might outline progress toward regaining access to the lucrative Chinese market. More broadly, Peters said that there is a stringent approach to cracking down on companies that are contravening export control rules. Underscoring this approach, Peters also said he would be open to increasing the statute of limitations to 10 years and lifting enforcement penalties to potentially more than four times the value of unlawful transactions. He also answered a question from US Representative Bill Huizenga on semiconductor smuggling specifically, calling it a top enforcement priority. “There is chip smuggling,” Peters said.

Source: Taipei Times February 25, 2026 18:43 UTC