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Bessent calls for restricting Nvidia chip exports and points to Commerce Department

TechnologyInternationalLaSextaAI summary
Image: LaSexta

US Treasury Secretary Scott Bessent backed restricting exports of Nvidia chips made by Megaspeed, though he noted that decision falls to the Commerce Department, led by Howard Lutnick. Bessent told CNBC he finds the delay "frustrating," given that Trump made clear China should not receive Nvidia chips above the H100 model. Commerce investigated Singapore-based Megaspeed and decided not to add it to the control list.

In 30 seconds

  • Bessent backs restricting exports of Nvidia chips made by Megaspeed
  • He says the authority lies with the Commerce Department, headed by Howard Lutnick
  • Commerce investigated Singapore-based Megaspeed and did not add it to the restricted entities list
Read the full story at LaSexta

IASummary generated by artificial intelligence from a story by LaSexta. It may contain errors: the original source prevails.

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