BESSENT CONFRONTS LUTNICK OVER NVIDIA CHINA CHIP SCANDALTreasury Secretary Scott Bessent confronted Commerce Secretary H | Hanami
BESSENT CONFRONTS LUTNICK OVER NVIDIA CHINA CHIP SCANDAL
Treasury Secretary Scott Bessent confronted Commerce Secretary Howard Lutnick over his failure to blacklist Megaspeed, an Nvidia ($NVDA ) customer accused of diverting US chips to China.
According to Axios, Lutnick replied: “I don't know. I'll look into it.”
Sources allege Lutnick resisted action despite intelligence warnings, fearing an escalation of the US-China trade war.
The confrontation deepens scrutiny of Nvidia's China ties and the administration's handling of chip export restrictions.