Bessent blames Lutnick's Commerce Department for Nvidia chip 'leakage' to China
Treasury Secretary Scott Bessent told CNBC that Treasury, Defense, State and the US Trade Representative backed adding Megaspeed, the Singapore-based Nvidia customer at the center of the Jensen Huang spy scandal, to the entity list for months, but Commerce controls the process. Bessent said he is frustrated by 'leakage' of chips above H100s into China and questioned whether Nvidia made a robust effort to avoid selling to pass-through shell companies.
Source: CNBC