Bessent upset Lutnick didn't ban Nvidia chip exports to China-linked firm
U.S. Treasury Secretary Scott Bessent has publicly criticized Commerce Secretary Howard Lutnick for failing to ban Nvidia chip exports to Megaspeed, a firm once led by alleged Chinese spy Alice Huang, which has been accused of bypassing U.S. restrictions.
Bessent has directly blamed Lutnick for the situation, arguing that the Commerce Department did not do enough to stop Megaspeed from circumventing U.S. export controls. The firm, once led by Alice Huang, is accused of funneling Nvidia chips to China, a move that would violate current regulations.
Megaspeed has denied any wrongdoing, and China has also rejected the spying allegations. The dispute highlights growing internal friction within the administration over how to handle national security concerns involving technology exports to China.
Related
