GoKawiilBessent faults Commerce Department over Megaspeed chip export oversight
Treasury Secretary Scott Bessent said the Commerce Department, led by Howard Lutnick, failed to act despite other agencies pushing for months to add Megaspeed to the export restriction entity list. Megaspeed had reportedly been investigated for smuggling advanced Nvidia chips into China but remains absent from that list. The controversy follows Jensen Huang's departure from Nvidia amid revelations of an affair with a former Megaspeed executive allegedly tied to Chinese espionage.
GoKawiil's interpretation of the reporting above, not reported fact.
The dispute signals possible friction within the Trump administration over how aggressively to police chip exports to China, with Bessent publicly distancing Treasury from Commerce's decisions. Lutnick now faces a Senate Banking Committee hearing and congressional records requests, which could expose internal deliberations on why Megaspeed was not restricted. The episode could intensify scrutiny of Nvidia's export compliance and broader US-China tech trade enforcement.
- Bessent says other agencies wanted Megaspeed on the entity list for months, but Commerce controlled the final decision.
- Megaspeed was investigated for alleged chip smuggling into China but was never formally restricted.
- Lutnick must testify before the Senate Banking Committee next month amid bipartisan pressure for answers.
Source: bbc.co.uk — Watch Our Pick Of Standout Clips Across The Bbc, 2026-11-13
Published there as: “Bessent blames Lutnick's Commerce Department for failing to block Megaspeed”
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