Bessent upset Lutnick didn't ban Nvidia chip exports to China-linked firm
Also reported by PBS NewsHour, Newsweek, The Hill, BBC Tech, Axios, Al Jazeera, France24
Summary
Treasury Secretary Scott Bessent blamed Commerce Secretary Howard Lutnick for allowing Megaspeed to bypass U.S. restrictions and route Nvidia chips to China. Megaspeed denies wrongdoing, and China denies allegations that its former leader, Alice Huang, was a spy.Key Facts
- Bessent blamed Lutnick for allowing Megaspeed to circumvent U.S. restrictions.
- The allegations say Megaspeed funneled Nvidia chips to China.
- Alice Huang, described as an alleged Chinese spy, once led Megaspeed.
- Megaspeed denies wrongdoing.
- China denies the spying allegations.
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