U.S. Treasury Secretary Scott Bessent criticized Commerce Department Secretary Howard Lutnick over delays in tightening Nvidia export controls. His criticism focused on the failure to add Singapore-based Megaspeed to the Entity List despite suspicions that it facilitated transfers of advanced Nvidia AI chips to China. The Commerce Department denied that any conversation took place between Bessent and Lutnick over the issue. The dispute highlights internal disagreements within the U.S. government and could put Lutnick’s tenure at risk if further criticism emerges.
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