Nvidia crisis: Bessent accuses Lutnick of delaying restrictions on Megaspeed over spying case

TechnologyInternationalLa VanguardiaNov 14, 2026, 12:00 AMAI summary

US Treasury Secretary Scott Bessent said on CNBC that his department, Defense, State and the US Trade Representative have for months favored adding Megaspeed to the restricted entity list, and noted that the matter falls to the Commerce Department, led by Howard Lutnick. According to Axios, Bessent asked Lutnick why he was resisting export controls. Megaspeed, based in Singapore, allegedly served as a backdoor to bring chips into China. Jensen Huang resigned as Nvidia CEO on Thursday.

In 35 seconds

Bessent said on CNBC that Treasury, Defense, State and the USTR have for months favored restricting Megaspeed
According to Axios, Bessent asked Lutnick at the White House why he was resisting export controls
Megaspeed, based in Singapore, allegedly served as a backdoor to bring chips into China

Read the full story at La Vanguardia

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

Nvidia
semiconductores
China
exportaciones
EE.UU.

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Nvidia crisis: Bessent accuses Lutnick of delaying restrictions on Megaspeed over spying case

In 35 seconds

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Keep reading

Tendios applies specialized artificial intelligence to public procurement

Colombia and the nuclear debate: opportunities beyond building a plant

Jensen Huang leaves Nvidia after confirming an affair; the company loses nearly two trillion in market value

Jensen Huang resigns as Nvidia CEO after scandal over his private life