Bessent Blames Commerce Dept for Failing to Blacklist Nvidia Partner Megaspeed
US Treasury Secretary Scott Bessent stated on Friday that four government agencies had advocated for placing Singapore-based chip distributor Megaspeed on a trade blacklist for months, but the Commerce Department failed to do so. The comments intensify scrutiny of Commerce Secretary Howard Lutnick amid allegations that his administration stalled export controls on Nvidia chips destined for China.