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.