Nvidia scandal puts Howard Lutnick, Trump's Commerce secretary, in the spotlight

TechnologyInternationalEL PAÍSNov 13, 2026, 11:56 AMAI summary

Treasury Secretary Scott Bessent publicly pointed to Howard Lutnick's Commerce Department for failing to restrict Nvidia chip sales to Megaspeed, a Singapore-based firm that bought chips worth 4.8 billion dollars since 2024. According to Bessent, Treasury and the State Department sought unsuccessfully for months to limit those sales. The case led to Jensen Huang's resignation as head of Nvidia. The White House said Trump maintains his complete confidence in Lutnick.

In 30 seconds

Bessent blamed the Commerce Department for not restricting Nvidia chip sales to Megaspeed
Megaspeed, based in Singapore, bought Nvidia chips worth 4.8 billion dollars since 2024
The case led to Jensen Huang's resignation as head of Nvidia

Read the full story at EL PAÍS

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

Nvidia
chips
Lutnick
Trump
exportaciones

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Nvidia scandal puts Howard Lutnick, Trump's Commerce secretary, in the spotlight

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