Bessent Presses Lutnick on Megaspeed’s China Chip CaseAdministration Hesitates as Megaspeed’s China Chip Risk GrowsBessent’s Push Risks Turning Chip Allegations Into China Flashpoint
The Treasury chief questioned Commerce head Howard Lutnick on November 5 about why Megaspeed had not been placed on a U.S. restricted-company list. The company is under scrutiny over suspected shipments of advanced Nvidia chips to China.Scott Bessent challenged Howard Lutnick on November 5 over Commerce’s failure to restrict Megaspeed, a major Nvidia customer suspected of channeling advanced chips to China. The dispute highlights a national security concern left unresolved.Scott Bessent confronted Howard Lutnick on November 5 over whether to restrict Megaspeed, a major Nvidia customer suspected of sending chips to China. Adding the company to a U.S. blacklist could further strain trade relations with Beijing.