US Treasury Secretary says Commerce Department is delaying listing Megaspeed; Lutnick to testify

1. 19:37
   X@mirza_meh· Discussion

   Treasury Secretary Scott Bessent said Treasury, State, Pentagon and USTR backed blacklisting Megaspeed. 1/ https://t.c…(opens the original post in a new tab)
2. 19:32
   X@RFAChinese· Discussion

   Several months ago, several departments responsible for regulating technology licenses all agreed that Megaspeed should be placed on the list. But the Commerce Department, which has final say, did not act. The Commerce Department's inaction led to dissatisfaction across the government and the confrontation between Bessent and Lutnick. After the company began importing billions of dollars worth of equipment into Malaysia, US Commerce Department officials…(opens the original post in a new tab)
3. 19:10
   X@hjdiandian· Discussion

   The chip smuggling case gets livelier the more it's investigated. Bessent confronted Lutnick face to face at a national security meeting, asking why Megaspeed still isn't on the Entity List; the other side had no answer. Singapore has confirmed it is investigating and has also barred the relevant personnel from entering. My judgment: tighter controls are an open card, and GPU and AI stocks will wobble first. Do you think management will dare to address it head-on at Nvidia's earnings on November 17…(opens the original post in a new tab)
4. 19:02
   X@RFAChinese· Discussion

   The move to blacklist Megaspeed had earlier been discussed at a meeting of deputy cabinet officials, at which Commerce Department Deputy Secretary Jeffrey Kessler delayed the move, saying the matter should be decided by Lutnick. In recent months, debate over how to regulate US technology has pitted other departments against Commerce Department officials responsible for regulating technology export rules…(opens the original post in a new tab)
5. 18:52
   X@RFAChinese· Discussion

   A Commerce Department spokesperson denied that the conversation between Bessent and Lutnick took place. She said whether to place a company on the Entity List is a decision made at the whole-of-government level. The Treasury Department declined to comment. Since late 2022, the US has imposed restrictions on direct sales of advanced chips to China. But Megaspeed and other companies, through…(opens the original post in a new tab)
6. 18:38
   X@RFAChinese· Discussion

   The internal conflict further intensified after Jensen Huang acknowledged an extramarital affair with a woman who had once helped run the Singapore data center company Megaspeed. People briefed on the exchange said Lutnick responded to Bessent that the Commerce Department could now move quickly to impose restrictions on Megaspeed https://t…(opens the original post in a new tab)
7. 18:28
   X@RFAChinese· Discussion

   Last week, Treasury Secretary Scott Bessent questioned Commerce Secretary Howard Lutnick about the handling of a Singapore company, demanding an explanation for why the company had not been banned from buying advanced AI chips. The exchange took place last Thursday at the White House and, according to people briefed on the matter, highlighted divisions within the Trump administration over overall AI policy…(opens the original post in a new tab)
8. 18:00
   X@gaiaex_official· Discussion

   $NVDA — BREAKING — U.S. Treasury Secretary Scott Bessent has escalated federal scrutiny over potential artificial intel…(opens the original post in a new tab)
9. 16:07
   X@pillitterip· Discussion

   Bessent says four departments wanted Megaspeed on the US entity list for months, but Commerce holds the pen. He asks if…(opens the original post in a new tab)
10. 14:35
    X@AndrzejakM17700· Discussion

    1/5 David Sacks is trying to defuse the bomb. Treasury Secretary Scott Bessent criticized Commerce Secretary Howard Lu…(opens the original post in a new tab)
11. 13:42
    X@allen_su1024· Discussion

    The next one who may fall here is Commerce Secretary Lutnick. On Friday, Treasury Secretary Bessent publicly stated that the Treasury Department, the State Department, the Department of Defense and the Office of the United States Trade Representative had long supported restricting Megaspeed, but the actual authority to advance it lay with the Commerce Department led by Lutnick. So why is it Lutnick?…(opens the original post in a new tab)
12. 13:30
    X@LeeHamli· Discussion

    U.S. Treasury Secretary Criticizes Commerce Department for Delaying Chip Controls: Displeased with Nvidia's High-End Chips Flowing to the CCP On November 14, 2026, U.S. Treasury Secretary Bessent said on Friday in Washington that the Treasury Department, the State Department, the Department of Defense and the Office of the United States Trade Representative had for months supported adding the Singapore company Megaspeed to the export control list, but the Commerce Department had been slow to act. He stressed that…(opens the original post in a new tab)
13. 12:51
    X@SolomonYue· Discussion

    I asked Grok if it is true that Treasury Sec. Scott Bessent reveals he, Marco Rubio and SecWar Hegseth wanted to put Ch…(opens the original post in a new tab)
14. 12:39
    X@expresionsonor1· Discussion

    Bessent acusa a Comercio de frenar sanciones contra Megaspeed; crecen presiones sobre Lutnick https://t.co/alCeNHVsST h…(opens the original post in a new tab)
15. 12:15
    WebTechmeme· Media coverage

    The Nvidia scandal presents a political challenge for the White House by tying together data centers, China, and corruption, all key voter issues in midterms (Washington Post)(opens the original post in a new tab)
16. 11:04
    X@Thomas_JonesX· Discussion

    Treasury Secretary Bessent says Treasury, State, War and the trade office all wanted Megaspeed blacklisted for months,…(opens the original post in a new tab)
17. 10:28
    X@hhp121222· Discussion

    U.S. political news website Axios (Axios) reported on November 14 that after the Nvidia espionage controversy continued to escalate, Commerce Secretary Howard Lutnick (Howard Lutnick) is becoming the main target of criticism for the Trump administration's inadequate response on espionage and national security issues, with the most intense pressure coming from congressional Republicans and some cabinet memb…(opens the original post in a new tab)
18. 08:18
    X@Cricket8275831· Discussion

    Bessent Throws Lutnick Under The Bus On Trump’s Chip Export Fiasco https://t.co/YdwIsUPdsG via @dailycaller- next one t…(opens the original post in a new tab)
19. 08:16
    X@DailyNoahNews· Discussion

    Who held the pen? Treasury's Scott Bessent said "Commerce has the pen" as Cabinet agencies backed an Entity List move o…(opens the original post in a new tab)
20. 07:57
    X@radar_online· Discussion

    Scott Bessent said several agencies backed adding Megaspeed to the U.S. Entity List for months. https://t.co/s2xb6xyxhU(opens the original post in a new tab)
21. 07:16
    X@Z09752769· Discussion

    @jenvanlaar @shipwreckedcrew Bessent is mad at Lutnick and wants him removed because he's pissy and plays hardball. Th…(opens the original post in a new tab)
22. 06:47
    X@fcj316· Discussion

    Scott Bessent points the finger at Howard Lutnick as Nvidia scandal hits Washington https://t.co/FnpIG8nC0B Must have b…(opens the original post in a new tab)
23. 06:37
    X@Greenwaterbot11· Discussion

    @Tigerboss09 @FireNewz This isn’t not a new story. The US govt has known since May. Bessent wanted Megaspeed blackliste…(opens the original post in a new tab)
24. 06:13
    X@PamelaUSofA· Discussion

    The President backed blacklisting that company three times. His own Commerce Secretary sat on it. That's not a slow bu…(opens the original post in a new tab)
25. 05:55
    X@ZoeReports· Discussion

    Bessent Calls Out Lutnick’s Department As Nvidia Scandal Grows Treasury Secretary Scott Bessent publicly criticized th…(opens the original post in a new tab)
26. 05:44
    X@Zen_with_AI· Discussion

    Lutnick under attack from both sides: the Megaspeed case drags on, with the cabinet and the MAGA grassroots criticizing him at the same time. Origin: Bessent said the Treasury Department, the Department of War, the USTR and the State Department had pushed for months to add Megaspeed to the entity list, while the Commerce Department kept delaying a decision. Trump three times…(opens the original post in a new tab)
27. 05:30
    X@MarioNawfal· Discussion

    🇺🇸🇨🇳 MAGA voices and some Cabinet officials are TURNING AGAINST Commerce Sec. Lutnick over how the administration handl…(opens the original post in a new tab)
28. 05:00
    X@Statixman· Discussion

    Bessent blamed Lutnick: Treasury, War, USTR & State wanted Megaspeed on the Entity List for months, but Commerce ha…(opens the original post in a new tab)
29. 03:49
    X@Greenwaterbot11· Discussion

    @bavedikian @Penguin57a You should ask the board along with Commerce Secretary Lutnick. Bessent brought the issue to hi…(opens the original post in a new tab)
30. 03:35
    X@Trumpusa1A1· Discussion

    Treasury Sec. Scott Bessent reveals he, Marco Rubio and SecWar Hegseth wanted to put China-linked MEGASPEED on the enti…(opens the original post in a new tab)
31. 03:35
    X@SEV7NTHWIRE· Discussion

    🇺🇸 A Cabinet clash goes public! On Friday, Treasury Secretary Scott Bessent blamed the Commerce Department, led by Howa…(opens the original post in a new tab)
32. 03:31
    X@mirijoie· Discussion

    Make no mistake, the White House still has a few patriots left in it. Donald Trump isn’t one of them, but they are..…(opens the original post in a new tab)
33. 03:18
    X@infoiteconomia· Discussion

    Caso Nvidia, Bessent accusa Lutnick sul ritardo per Megaspeed https://t.co/MbezjyHB9R(opens the original post in a new tab)
34. 03:06
    X@ChuckJordan4· Discussion

    Bessent Blames Commerce's Lutnick for Not Restricting Nvidia Chip Exports to China https://t.co/YS2Pq8wdGm(opens the original post in a new tab)
35. 02:47
    X@ChuckJordan4· Discussion

    Bessent Throws Lutnick Under The Bus On Trump’s Chip Export Fiasco https://t.co/PCPa4k4XbM via @dailycaller(opens the original post in a new tab)
36. 02:41
    X@FurkanGozukara· Discussion

    Bessent blames the Commerce Department for not blacklisting Megaspeed: "Treasury, War, USTR, and State, they were in fa…(opens the original post in a new tab)
37. 02:33
    X@free_citizens1· Discussion

    Bessent confirmed Treasury, State, War, and USTR all wanted Megaspeed on the entity list for months — then pointed at C…(opens the original post in a new tab)
38. 01:58
    X@jon61589251· Discussion

    Who Guards America's Most Advanced Chips? Bessent Says Commerce "Has the Pen" On Friday, Treasury Secretary Scott Bess…(opens the original post in a new tab)
39. 01:42
    X@mccoubr· Discussion

    @RuckerCulpepper @fregoli_dot_dev @jessesingal Well for starters, Treasury Secretary Scott Bessent said that most of th…(opens the original post in a new tab)
40. 01:33
    RedditReddit r/AIDangers· Discussion

    Bessent points finger at Lutnick over Nvidia chip exports as Trump advisers discuss possible Commerce Secretary ouster(opens the original post in a new tab)
41. 01:13
    X@Gh3ttotwinkie· Discussion

    Treasury Sec. Scott Bessent pointed to the Commerce Department, led by Howard Lutnick, over delays in restricting Megas…(opens the original post in a new tab)
42. 01:04
    X@traphabits101· Discussion

    BESSENT NAMES LUTNICK ON LIVE TV — Treasury chief blames Commerce for letting Nvidia chips reach China via Megaspeed. P…(opens the original post in a new tab)
43. 01:03
    X@Filmaker02· Discussion

    Lutnick / Epstein You're too dumb to handle reality. They've trained into believing your eyes and your mind is not to…(opens the original post in a new tab)
44. 00:30
    X@ZarkNewsHQ· Discussion

    Bessent Blames Commerce Department for Delay in Blacklisting Nvidia Partner Megaspeed https://t.co/ZzZylhyhli https://t…(opens the original post in a new tab)
45. 00:17
    X@bonewitz_SPBG· Discussion

    Bessent on CNBC: Treasury, War, State and USTR all wanted Megaspeed on the export blacklist "for months," but "Commerce…(opens the original post in a new tab)
46. 00:12
    X@McJohnnymac· Discussion

    Four agencies wanted Megaspeed on the Entity List for months. It's still not on it. Bessent on CNBC Friday: Treasury,…(opens the original post in a new tab)
47. 00:09
    X@fwtetsu· Discussion

    The leather jacket honey uproar enters its second phase, turning into a power struggle within the administration, with Commerce Secretary Lutnick as its target. On the 13th, Treasury Secretary Bessent criticized the Commerce Department by name. The content concerned and referenced the semiconductor sales from NVIDIA to Megaspeed as of last year…(opens the original post in a new tab)

1. 23:51
   X@MichaelARothman· Discussion

   𝐁𝐄𝐒𝐒𝐄𝐍𝐓: 𝐋𝐔𝐓𝐍𝐈𝐂𝐊’𝐒 𝐂𝐎𝐌𝐌𝐄𝐑𝐂𝐄 𝐃𝐄𝐏𝐓 𝐒𝐀𝐓 𝐎𝐍 𝐓𝐑𝐔𝐌𝐏’𝐒 𝐂𝐇𝐈𝐍𝐀 𝐂𝐇𝐈𝐏 𝐎𝐑𝐃𝐄𝐑 𝐅𝐎𝐑 𝐌𝐎𝐍𝐓𝐇𝐒 Treasury Secretary Scott Bessent took the…(opens the original post in a new tab)
2. 23:49
   X@junogsp7· Discussion

   🚨NVIDIA Spy Scandal Howard Lutnick Has to Go! Op-ed from @ChrisRMcGuire makes the compelling case: • Lutnick resi…(opens the original post in a new tab)
3. 23:41
   CBS News · Technology

   Nvidia CEO Jensen Huang admits extramarital affair in espionage investigation and resigns

   Nvidia CEO Jensen Huang admitted to an extramarital affair during an espionage investigation and has resigned as CEO, and the company's stock fell sharply amid the scandal. CBS reported that the scandal exposed a potential vulnerability in US national security.

4. 23:32
   X@7jasonbeckham· Discussion

   The Nvidia scandal just moved from a CEO's private life into a public cabinet fight. On live TV Friday, Treasury Secre…(opens the original post in a new tab)
5. 23:30
   X@TheReceiptsWire· Discussion

   WASHINGTON, November 14. Treasury Secretary Scott Bessent said Friday he was frustrated with the Commerce Department's…(opens the original post in a new tab)
6. 22:54
   X@Tesla_Optimus_K· Discussion

   Bessent and Lutnick just blew up over Nvidia China chips Treasury's Scott Bessent is publicly pinning Commerce's Howar…(opens the original post in a new tab)
7. 22:49
   X@dogoodmore· Discussion

   Scott Bessent says Treasury wanted to blacklist Megaspeed ‘for months,’ blaming Howard Lutnick as Nvidia fallout widens…(opens the original post in a new tab)
8. 22:27
   X@ZixiongFu· Discussion

   Jensen Huang has formally resigned as Nvidia CEO (after a board investigation), and the focus has shifted from his private life to national security: Treasury Secretary Bessent publicly "passed the buck" to Commerce Secretary Lutnick on CNBC, saying that the Treasury, State and Defense departments and the U.S. Trade Representative had for months supported adding Megaspeed to the Entity List, but "the pen is in…(opens the original post in a new tab)
9. 22:14
   X@michaelchao888· Discussion

   4 billion chips suspected of being smuggled into China; four ministries want to block it but are stuck. Alice Huang, operator of Singapore's Megaspeed, is suspected of being a Chinese spy and is linked to the resigned Jensen Huang. Trump made clear that China should not get chips above H100. Bessent said the four departments have favored adding it to the Entity List for months, but the pen is with the Commerce Department's BIS, and Lutnick has never signed, OF…(opens the original post in a new tab)
10. 22:09
    X@michaelchiu777· Discussion

    Buying $4 billion in chips is suspected of being smuggled into China; four ministries want to block it but are stuck. The company under scrutiny is a Singapore company called Megaspeed. On Nvidia AI chips alone, it spent more than $4 billion, and is also suspected of reselling and smuggling these chips into China. Alice Huang (Al...(opens the original post in a new tab)
11. 22:08
    X@ScottTArcher· Discussion

    Treasury Secretary Bessent publicly blamed Lutnick's Commerce Department for not blacklisting Megaspeed, the Singapore…(opens the original post in a new tab)
12. 22:08
    X@danielcincu· Discussion

    @JamiePastore9 @TheStalwart Nvidia cannot be asked to be the police. They sold chips to Dell and Server makers who in t…(opens the original post in a new tab)
13. 22:00
    X@MeasuredMarkets· Discussion

    2/ The actual roadblock is Megaspeed. Billions in equipment, chips reportedly still in the boxes in Malaysia, and a W…(opens the original post in a new tab)
14. 21:45
    X@mszgalaxy· Discussion

    Chip curbs, today: Bessent says Treasury favored putting Singapore cloud firm Megaspeed on the US entity list for month…(opens the original post in a new tab)
15. 21:34
    X@michaelchiu777· Discussion

    Buying $4 billion in chips suspected of being smuggled into CCP China, four ministries want to block it but are stuck. The company under scrutiny is a Singapore company called Megaspeed. On Nvidia AI chips alone, it spent more than $4 billion, and is suspected of reselling and smuggling these chips into CCP China. Alice Huang, who operates the company (…(opens the original post in a new tab)
16. 21:33
    X@AyitiEco· Discussion

    Scandale Nvidia : règlement de comptes au sommet de l’État américain Le secrétaire au Trésor Scott Bessent a publiqueme…(opens the original post in a new tab)
17. 20:57
    X@BullseyeFocuss· Discussion

    Commerce Sec. Lutnick will testify to the Senate Banking Committee on Dec. 10 after Bessent blamed his department for n…(opens the original post in a new tab)
18. 20:42
    X@metalpanda_· Discussion

    1. Until Friday, the Megaspeed Entity List stall was still being told through unnamed officials. Bessent put the intera…(opens the original post in a new tab)
19. 20:37
    X@chowoohpolice· Discussion

    THE NVIDIA SCANDAL JUST TURNED INTO A FIGHT INSIDE THE WHITE HOUSE. 💀 And this time, it's not about Jensen Huang's lov…(opens the original post in a new tab)
20. 20:16
    X@WIONews· Discussion

    Bessent blames Lutnick over chip diversion Bessent says multiple agencies backed blacklisting the Singapore Meg…(opens the original post in a new tab)
21. 20:05
    X@votedegrammont· Discussion

    A White House Situation Room meeting reportedly turned into a blowout between Scott Bessent and Howard Lutnick. Per Ax…(opens the original post in a new tab)
22. 20:04
    X@supercopter2023· Discussion

    3/5 ⚔ Guerre interne à la Maison-Blanche: L'administration se déchire. Le Secrétaire au Trésor (S. Bessent) a ouvertem…(opens the original post in a new tab)
23. 20:03
    X@hacklatino2025· Discussion

    ESCÁNDALO DE NVIDIA SALPICA AL GOBIERNO DE TR*MP El secretario del Tesoro, Scott Bessent, señaló a Howard Lutnick, secr…(opens the original post in a new tab)
24. 19:54
    X@lumoherdaui· Discussion

    "If there’s a U.S. government failure here it seems to be at the Commerce Department, which handles export controls. Tr…(opens the original post in a new tab)
25. 19:54
    X@mailmansr· Discussion

    Bessent Throws Lutnick Under The Bus On Trump’s Chip Export Fiasco https://t.co/r8WRuIx5xc via @dailycaller(opens the original post in a new tab)
26. 19:52
    X@DailyShorts3· Discussion

    Treasury Secretary #ScottBessent has publicly criticized Commerce Secretary #HowardLutnick’s department for failing to…(opens the original post in a new tab)
27. 18:59
    X@aquilaltair7· Discussion

    Trump made it very clear that China should not receive any Nvidia chips above H100s. Marco Rubio and Pete Hegseth wante…(opens the original post in a new tab)
28. 18:00
    X@weareattension· Discussion

    Treasury Secretary Scott Bessent says several agencies backed export curbs on Nvidia customer Megaspeed for months, but…(opens the original post in a new tab)
29. 17:37
    X@ZarkNewsHQ· Discussion

    A rare open split inside Trump's cabinet. Bessent blames Commerce for delaying the blacklist of Nvidia partner Megaspee…(opens the original post in a new tab)
30. 17:35
    X@cibula_igor· Discussion

    HÁDKA MEDZI DVOMA NAJVYŠŠÍMI EKONOMICKÝMI PORADCAMI PREZIDENTA TRUMPA Na verejnosť prenikla súkromná hádka medzi dvom…(opens the original post in a new tab)
31. 17:21
    X@MojoTricks· Discussion

    Treasury Secretary Scott Bessent said Friday that Treasury, State, Defense and the U.S. Trade Representative had favore…(opens the original post in a new tab)
32. 16:47
    X@sole24ore· Discussion

    Caso Nvidia, Bessent accusa Lutnick: «Il Dipartimento del Commercio ha ritardato restrizioni su Megaspeed» https://t.co…(opens the original post in a new tab)
33. 16:26
    X@infoiteconomia· Discussion

    Caso Nvidia, Bessent accusa Lutnick: Megaspeed fuori dalla Entity List https://t.co/f0XtxKAojQ(opens the original post in a new tab)
34. 16:10
    X@sole24ore· Discussion

    Caso Nvidia, Bessent accusa Lutnick: «Il Dipartimento del Commercio ha ritardato restrizioni su Megaspeed» https://t.co…(opens the original post in a new tab)
35. 16:08
    X@Geopolitalkk· Discussion

    🚨Trump Cabinet clashed over Nvidia Scandal Scott Bessent confronted Howard Lutnick over Comm Dept resistance & de…(opens the original post in a new tab)
36. 15:32
    X@snipy_in· Discussion

    US Treasury Secretary Scott Bessent publicly blamed Commerce Secretary Howard Lutnick for failing to blacklist Megaspee…(opens the original post in a new tab)
37. 15:30
    X@textually· Discussion

    Scott Bessent says Treasury wanted to blacklist Megaspeed ‘for months,’ blaming Howard Lutnick as Nvidia fallout widens…(opens the original post in a new tab)
38. 15:15
    X@business_today· Discussion

    #TechToday | Nvidia chip row escalates: Bessent throws Howard Lutnick under the bus over Megaspeed; here's why https:/…(opens the original post in a new tab)
39. 15:07
    X@Giornaleditalia· Discussion

    Caso Nvidia, Lutnick al Senato il 10 dicembre: scontro con Bessent su Megaspeed e 4 mld $ di chip destinati alla Cina d…(opens the original post in a new tab)
40. 15:06
    X@hhp121222· Discussion

    It feels like Lutnick is in some trouble. A CNBC analysis of securities filings found that the Wall Street investment bank Cantor Fitzgerald, once led by Commerce Secretary Howard Lutnick and now run by his two sons Brandon and Kyle, reported holdings of Nvidia stock between September 2025 and 2026…(opens the original post in a new tab)
41. 15:02
    X@TheIJR· Discussion

    Treasury Secretary Scott Bessent clashed with Commerce Secretary Howard Lutnick inside the White House Situation Room o…(opens the original post in a new tab)
42. 14:26
    X@BlueJay87476298· Discussion

    Scott Bessent The key point is not the personal scandal, but the chip leak. Right now the media focus is all on $NVDA Jensen Huang's personal foibles, but the real question should be: does $NVDA truly understand its customers? Does it have strict mechanisms to ensure that no...(opens the original post in a new tab)
43. 14:20
    X@StanleyEpstein· Discussion

    US Treasury Secretary Scott Bessent blamed Commerce chief Howard Lutnick over #Nvidia chip export restrictions and Mega…(opens the original post in a new tab)
44. 14:06
    X@509ShawnG· Discussion

    Treasury Secretary Scott Bessent points finger at Commerce Department in Nvidia scandal as Trump advisers discuss possi…(opens the original post in a new tab)
45. 13:37
    X@cornucopiamedia· Discussion

    Bessent points finger at Commerce Department in Nvidia scandal as Trump advisers discuss possible Lutnick ouster https…(opens the original post in a new tab)
46. 13:01
    X@IGR_Media· Discussion

    #IGR: After Nvidia CEO Jensen Huang’s resignation, the allegations of dating a Chinese spy have caused a political row…(opens the original post in a new tab)
47. 13:00
    X@ChiefEngineerCE· Discussion

    WHO WAS WATCHING THE CHIPS? Commerce Secretary Howard Lutnick is facing serious questions about the handling of Megasp…(opens the original post in a new tab)
48. 12:48
    X@ITGGlobal· Discussion

    US Commerce Secretary Howard Lutnick is facing mounting pressure over his department's handling of Nvidia chip exports…(opens the original post in a new tab)
49. 12:07
    X@tiberiadex· Discussion

    Commerce Secretary Howard Lutnick has agreed to testify before the Senate Banking Committee on December 10, as the Nvid…(opens the original post in a new tab)
50. 12:01
    X@xiaoxielaile· Discussion

    US Treasury Secretary Bessent publicly accused Commerce Secretary Rutnick, saying the Treasury Department, the Department of Defense and the State Department all support adding the Singapore company Megaspeed to the Entity List, but the Commerce Department has not acted for a long time. Rutnick has agreed to attend a Senate hearing on December 10. @grok Is it because of his son?(opens the original post in a new tab)
51. 11:45
    X@liuliu44796075· Discussion

    [Voice of America—Rare: Treasury Secretary directly points to Commerce Secretary for not adding Megaspeed to the Entity List] On November 13, 2026, Treasury Secretary Bessent said that he, Secretary of State Rubio and Secretary of War Hegseth had wanted to add Megaspeed, which is linked to Communist China, to the Entity List for several months, but Commerce Secretary Rutnick has still not done it…(opens the original post in a new tab)
52. 11:36
    X@charles12388· Discussion

    Bessent publicly pointed the responsibility for failed Nvidia chip export oversight at Lutnick! The White House discussed replacing the Commerce Secretary; the two had previously confronted each other face to face at the White House. On November 13, 2026, U.S. Treasury Secretary Scott Bessent, in an interview with CNBC, publicly attributed the Singapore company Megaspeed…(opens the original post in a new tab)
53. 11:15
    X@stock_duty· Discussion

    Lutnick is set to testify Dec 10 as Bessent publicly blames Commerce for sitting on the Megaspeed Entity List designati…(opens the original post in a new tab)
54. 10:52
    X@aixuxuba· Discussion

    Treasury Secretary publicly reveals: We wanted to restrict Huang Le's company long ago, but the Commerce Department never acted! Treasury Secretary Bessent said today in person that the Treasury Department, the State Department, the defense system and other departments supported months ago placing the Singapore company Megaspeed, associated with Huang Le, on the restricted list. In the end it was never listed. Why is that? Bessent**: Really…(opens the original post in a new tab)
55. 09:46
    CBS News · Technology

    Bessent accused Lutnick of failing to ban exports of Nvidia chips to China-linked company Megaspeed

    U.S. Treasury Secretary Bessent accused Commerce Secretary Lutnick of allowing Megaspeed to evade U.S. restrictions and transship Nvidia chips to China. Megaspeed was once headed by Alice Huang, who has been accused of being a Chinese spy; it denies any wrongdoing, and China has also denied the related espionage allegations.

56. 09:22
    NBC News

    Nvidia turmoil roils Washington as Trump administration Treasury Secretary and Commerce Secretary publicly fall out

    Trump administration Treasury Secretary Scott Bessent on Friday publicly accused the Commerce Department of failing to stop advanced AI chips from flowing into China, bringing his long-running conflict with Commerce Secretary Howard Lutnick into the open. The clash comes as turmoil over US chip giant Nvidia roils Washington, and Lutnick has agreed to testify before Congress.

57. 09:11
    Deccan Chronicle

    US Treasury Secretary Bessent accused Commerce Secretary Lutnick of failing to add Nvidia partner Megaspeed to the Entity List

    US Treasury Secretary Bessent said that for months the Treasury Department, the Department of Defense, the State Department and the US Trade Representative's Office supported adding Megaspeed, a Singapore-based company caught up in the Nvidia controversy, to the Commerce Department's Entity List, but the Commerce Department did not act; he said "the Commerce Department holds the pen." According to US media reports this week, Commerce Secretary Lutnick delayed the Trump administration's crackdown on companies suspected of transshipping Nvidia chips to China; Democratic Senator Blumenthal said "Lutnick must step down," Senate Banking Committee Chairman Tim Scott demanded that he testify, and Reuters reported on Thursday that senior White House officials are discussing whether to let him leave. Megaspeed drew attention after reports that Jensen Huang had an affair with the company's former executive Alice Huang, and US authorities suspect Huang is a Chinese spy; Jensen Huang stepped down as Nvidia CEO this week. Bessent also questioned Nvidia's vetting of its partners; members of Congress called for further restrictions on China's access to advanced AI chips.

58. Time not given
    Deccan ChronicleSelected

    U.S. Treasury Secretary Bessent accuses Commerce Secretary Lutnick of failing to add Nvidia partner Megaspeed to the Entity List

    U.S. Treasury Secretary Bessent said on Friday that the Treasury Department, the Department of Defense, the State Department, and the Office of the United States Trade Representative had for months supported adding Singapore-based company Megaspeed to the Commerce Department's Entity List, but the Commerce Department, which is responsible for the matter, did not act. According to media reports this week, Commerce Secretary Lutnick delayed the Trump administration's crackdown on companies suspected of transshipping Nvidia chips to China; Reuters reported that senior White House officials are discussing whether to let Lutnick leave. Megaspeed drew attention after reports that former Nvidia CEO Jensen Huang had an affair with former Megaspeed executive Alice Huang, and U.S. authorities suspect Huang is a Chinese spy. Bessent also said the government is working to plug "leaks" in the chip export system and questioned whether Nvidia has adequately vetted its partners and whether it sold to obvious shell pass-through companies.

59. 07:50
    PBS / Associated Press

    Bessent accuses Lutnick of failing to stop China from obtaining Nvidia chips

    U.S. Treasury Secretary Bessent accused Commerce Secretary Lutnick of failing to stop China from obtaining Nvidia's most advanced chips, saying the Treasury Department and several other departments had for months advocated adding Singapore's Megaspeed to the entity list, but the decision rests with the Commerce Department. Bessent said Trump has explicitly demanded that China not obtain Nvidia chips above the H100, and that any outflow would weaken U.S. companies' advantage in the AI race. Chris McGuire, former technology director at the Biden administration's National Security Council, said on the program that a rule introduced by the Biden team in early 2025 required most foreign companies to obtain Commerce Department licenses to buy advanced chips, was originally set to take effect in May 2025, but two days before it took effect the Commerce Department said it would not enforce it, allowing Megaspeed to procure without restriction. Bessent also questioned whether Nvidia knows its customers and whether it has guarded against shell resale companies. The program cited findings by independent researchers this week that China's AI models are all developed relying on smuggled advanced Nvidia chips.

60. 05:53
    Nikkei Asia / Reuters

    Nvidia scandal sparks mutual recriminations in Washington over chip exports to China

    After an extramarital affair between former Nvidia CEO Jensen Huang and a person suspected of being a Chinese spy was exposed, mutual recriminations emerged in Washington, along with calls to tighten export controls on advanced chips to China. U.S. Treasury Secretary Bessent said on November 13 that his department had pushed to add Megaspeed to the Entity List.

61. 05:06
    Semafor

    US Treasury Secretary Bessent publicly accused Commerce Secretary Lutnick of not placing AI company Megaspeed on the blacklist

    US Treasury Secretary Scott Bessent, in a CNBC interview, publicly blamed Commerce Secretary Howard Lutnick over the government's failure to place AI company Megaspeed on the blacklist, saying the Treasury Department "had been pushing for this for months" but that "the pen is with the Commerce Department." This is the latest criticism from within the same camp that Lutnick has faced over the Commerce Department's controls on AI chip exports. After news emerged of an extramarital affair between former Nvidia CEO Jensen Huang and a Megaspeed executive suspected of being a Chinese spy, Lutnick this week agreed to testify before Congress. The scrutiny has raised questions about Lutnick's job security, but many Republicans are still publicly defending him, with a person close to the White House telling Semafor, "This guy has nine lives—how many are left?"

62. 03:42
    Fortune

    U.S. Treasury Secretary Bessent says Treasury has for months advocated adding Megaspeed to the Entity List, blames Commerce Secretary Lutnick

    U.S. Treasury Secretary Bessent said the Treasury Department, the Department of War, USTR and the State Department had for months supported adding cloud computing company Megaspeed to the Entity List, but the decision rests with Commerce Secretary Lutnick. Megaspeed is run by suspected Chinese spy Alice Huang, the other party in the affair controversy involving former Nvidia CEO Jensen Huang; according to The Information, the company and its Malaysian subsidiary Speedmatric shipped at least $7.5 billion of Nvidia chips to China within two years, and it is now under Justice Department investigation on suspicion of violating U.S. export controls. According to Axios, Lutnick has for months continued to roll back actions to hold Megaspeed accountable; The New York Times also reported that he objected to canceling Oracle's $7 billion deal to lease chips to Tencent, because it would halt 100,000 advanced Nvidia AI chips.

63. 02:08
    Spectrum NewsSelected

    Bipartisan calls in the U.S. to investigate Nvidia are growing, and Treasury Secretary Bessent blamed Commerce Secretary Lutnick

    Bipartisan U.S. lawmakers are calling for an investigation into whether former Nvidia CEO Jensen Huang's relationship with Alice Huang, who is alleged to be a Chinese spy, endangered national security; Jensen Huang resigned as CEO and from the board on Thursday. Treasury Secretary Bessent said the Treasury Department, State Department, Defense Department and Office of the U.S. Trade Representative all support blacklisting Megaspeed, a Singapore data center company where Alice Huang serves as an executive, and attributed the Commerce Department's failure to sanction it to Commerce Secretary Lutnick; The New York Times first reported that she may have simultaneously been a Chinese intelligence officer while in a relationship with Jensen Huang. Jensen Huang has publicly acknowledged the extramarital affair, and the Nvidia board announced an independent investigation. The Commerce Department said Lutnick has agreed to appear at a Senate Banking Committee hearing on December 10 regarding allegations that advanced Nvidia chips circumvented export controls and flowed into China; Committee Chairman Scott has sent letters requesting both testify on December 3 and may subpoena Jensen Huang to compel his appearance.

64. 00:19
    The New York Times

    U.S. Treasury Secretary Bessent accused the Commerce Department of failing to add Megaspeed to the Entity List

    U.S. Treasury Secretary Bessent publicly criticized the Commerce Department on CNBC on Friday, saying that the Treasury Department, the Department of Defense, the State Department, and the U.S. Trade Representative's Office had for months supported adding Singapore data center company Megaspeed to the Entity List, but that the Commerce Department, which holds that authority, had been slow to act. He questioned whether Nvidia understood its customers and whether it did its utmost to avoid selling chips to shell pass-through companies that lead to diversion, and said accountability should be pursued. Megaspeed is led by Alice Huang, whom U.S. intelligence agencies have determined to be an asset of the Chinese government; she has a romantic relationship with Nvidia CEO Jensen Huang, who resigned on Thursday after the related exposure, and the company's stock price fell sharply. Commerce Secretary Lutnick has in recent months advocated caution on technology exports and opposed blanket restrictions; The New York Times reported on Wednesday that Bessent had confronted Lutnick in person about Megaspeed last week, and a Commerce Department spokesperson denied that the conversation took place, saying Entity List decisions are made at the whole-of-government level. Megaspeed buys Nvidia chips to build data centers in Southeast Asia serving Chinese customers, a legal loophole in U.S. export controls, and the government is also investigating its suspected smuggling of Nvidia chips to China.

1. 23:13
   CBS News · Technology

   Bessent says Commerce Department delayed adding Megaspeed to Entity List; Lutnick agrees to attend Senate hearing

   According to a U.S. official, U.S. Commerce Secretary Lutnick has agreed to appear at a Senate Banking Committee hearing on December 10. After Nvidia CEO Jensen Huang's resignation, the Commerce Department's oversight of high-end AI chip exports is under increasing scrutiny, with multiple Republicans demanding that Lutnick explain why the Commerce Department apparently delayed adding Singapore company Megaspeed International to the Entity List, which would have restricted the company's access to advanced AI chips. The U.S. government suspects Megaspeed diverted advanced Nvidia chips to China to circumvent U.S. export bans; the company was previously led by Alice Huang, who has been accused of being a Chinese spy and of having an affair with Jensen Huang. Treasury Secretary Bessent told CNBC that the Treasury Department, the Department of War, the U.S. Trade Representative's Office and the State Department had for months supported adding Megaspeed to the Entity List, but the pen-holding authority rests with the Commerce Department; Republican Senator Jim Banks said the Commerce Department appeared to have used a loophole to let some chip sales through. Bessent declined to comment on reported discord between him and Lutnick, and the Commerce Department did not immediately respond to a request for comment.

2. 23:04
   BBC

   US Treasury Secretary Bessent accuses Lutnick-led Commerce Department of inadequate oversight of Nvidia chip sales to Megaspeed

   US Treasury Secretary Bessent publicly accused the Commerce Department led by Commerce Secretary Lutnick of failing to properly oversee high-end AI chip exports, and the Nvidia chip controversy has spread to Trump's cabinet. Bessent told CNBC that multiple departments had for months supported adding Megaspeed to the Entity List, but the pen-holding authority rests with the Commerce Department; Trump has made clear China should not obtain Nvidia chips above the H100. According to reports, the Commerce Department investigated Megaspeed on suspicion of smuggling Nvidia chips to China but delayed adding it to the list. Jensen Huang was removed as CEO after it emerged he had a relationship with a former Megaspeed executive accused of being a Chinese spy, and he and Lutnick have both been summoned to testify at a Senate Banking Committee hearing. Democratic lawmakers Neal and Wyden are launching an investigation, saying H200 chips can be imported from Taiwanese factories to the US for inspection and then sold to Chinese companies.

3. 08:21
   Semafor

   The Nvidia chip export controversy raises questions about whether U.S. Commerce Secretary Lutnick will stay in his post

   The Nvidia chip export controversy has raised questions about the job security of U.S. Commerce Secretary Lutnick; a group of Republican lawmakers accused him of inadequate control over Megaspeed, an AI chip company, and believe the Commerce Department failed to more broadly restrict AI chip exports to China. Megaspeed is linked to a person accused of being a Chinese spy, who previously had an extramarital affair with former Nvidia CEO Jensen Huang, who has resigned; Moolenaar, the top Republican on the House Select Committee on China, said he heard that Trump had three times directed that Megaspeed be blacklisted, and that if true these questions need answers. Most Republican officials currently defend Lutnick, and the White House says Trump fully trusts him; Senate Majority Leader Thune said Lutnick will testify before the Senate Commerce Committee, and House Foreign Affairs Committee Chairman Mast said Jensen Huang will appear at his committee's hearing.

4. Time not given
   Forbes ME

   U.S. Commerce Secretary Lutnick to testify before Congress on AI chip export controls

   U.S. Commerce Secretary Howard Lutnick agreed to voluntarily testify before the Senate Banking Committee to explain the Commerce Department's role in regulating advanced AI chip exports. Banking Committee Chairman Tim Scott separately asked Lutnick to appear on December 3 and Nvidia CEO Jensen Huang on December 10. Multiple reports had previously said Lutnick resisted a crackdown on Nvidia, including adding Singaporean data company Megaspeed, suspected of transshipping chips to China, to the Entity List. Treasury Secretary Bessent said the Treasury, Defense Department, trade department and State Department had for months supported adding Megaspeed to the Entity List, but the Commerce Department and its Bureau of Industry and Security hold the decision. Jensen Huang resigned on Thursday, and a White House official said Trump maintains full confidence in Lutnick.

5. Time not given
   CNBC

   U.S. Treasury Secretary Bessent says there are many leaks in chip controls on China, questions NVIDIA's customer vetting and calls for accountability

   U.S. Treasury Secretary Bessent said in a CNBC "Squawk Box" interview on November 13 that there are many leaks in chip controls on China, and questioned whether NVIDIA knows its customers and whether it has strong measures to prevent chips from flowing to obvious shell companies, arguing that relevant people inside the company should be held accountable. He mentioned that Trump has made clear China should not obtain any NVIDIA chips above the H100, and that any leak would harm U.S. companies and give China an advantage in the AI race. Bessent also disclosed that the Treasury Department, the Department of War, the USTR and the State Department had for months supported adding Megaspeed to the entity list, but the decision rests with the Commerce Department's BIS. The interview also covered topics including his relocation to a military base at the Secret Service's request due to an Iranian death threat, the midterm elections and inflation, and Federal Reserve policy.

6. 02:51
   New York Post

   US Commerce Department's Lutnick and Kessler criticized over inaction on Nvidia chip smuggling oversight

   US Commerce Secretary Lutnick and Bureau of Industry and Security (BIS) head Kessler are under pressure from Congress and within the White House for failing to act against Chinese AI company Megaspeed, with bipartisan lawmakers demanding accountability and stronger AI chip export controls. A recently departed Commerce Department official said a rule requiring export licenses for advanced chips sold to some Southeast Asian countries was close to being issued in July 2025 and had been signed by all agencies, but never got past Lutnick; the official said that if implemented, it could have significantly weakened the ability of Southeast Asian companies such as Megaspeed to obtain Nvidia's advanced AI chips. Officials had previously found that Megaspeed imported 50,000 more chips than Nvidia traced to data centers in Singapore. According to Reuters, senior White House officials are weighing whether to ask Lutnick to step down; according to The Information, the Commerce Department is finalizing a rule extending export controls to seven Southeast Asian countries including Malaysia, Singapore and Thailand, and a BIS spokesperson said it is considering new rules targeting remote access with interagency partners.

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