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AustraliaScott Bessent says Treasury wanted to blacklist Megaspeed ‘for months,’ blaming Howard Lutnick as Nvidia fallout widens: ‘Commerce has the pen’
Headline via Fortune · first report 13 Nov, 18:57 IST, latest 14 Nov, 11:13 IST
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What we know
13 independent news organisations have reported this story. The first report we saw came from The Times of India at 13 Nov, 18:57 IST; the latest is from Hindustan Times at 14 Nov, 11:13 IST. Rational Times has not independently confirmed the details: read each report through the links below.
What the reports sayEach newsroom’s own summary of its report, from its feed
The salvo from US Treasury secretary threatens to further stoke tensions within Trump administration over Nvidia scandal
Treasury Secretary Scott Bessent said in a Friday interview that while his department and others agreed on placing Megaspeed on a special list of companies that pose national security concerns, the Commerce Department "has the pen."Why it matters: Bessent…
Jensen Huang resigned as Nvidia CEO days after admitting to an affair following scrutiny of his relationship with a woman reportedly deemed a Chinese spy.
Scott Bessent told CNBC that several government agencies "were in favour of putting Megaspeed on the entity list for months".
Scott Bessent said several US agencies backed placing Nvidia customer Megaspeed on the export blacklist, but the Commerce Department has not acted.
Treasury Secretary Scott Bessent says he was frustrated with the Commerce Department’s delay implementing controls over the export of certain Nvidia chips to China
Quoted from the newsrooms’ own feeds, with their names and links. Rational Times has not independently confirmed the details.
The reports14 reports
- The Times of India US treasury secy flags 'lots of leakage' in US chip exports, slams Nvidia & Lutnick
- Financial Times Bessent blames Lutnick’s commerce department for failure to blacklist Megaspeed
- Axios Bessent puts Megaspeed heat on Lutnick: "Commerce has the pen"
- CNBC Bessent points to Lutnick’s Commerce as he slams Nvidia chip ‘leakage’ to China
- BBC News Bessent blames Lutnick's Commerce Department for failing to block Megaspeed
- Hindustan Times Scott Bessent blames Howard Lutnick's Commerce Department for delay in blacklisting Nvidia customer Megaspeed
- The Independent Bessent blames Commerce's Lutnick for not restricting Nvidia chip exports to China
- Fortune Scott Bessent says Treasury wanted to blacklist Megaspeed ‘for months,’ blaming Howard Lutnick as Nvidia fallout widens: ‘Commerce has the pen’
- South China Morning Post Bessent blames US Commerce Department for not restricting Nvidia chip exports to China
- The Straits Times Bessent blames US Commerce Dept over lack of export controls for Nvidia partner Megaspeed
- PBS NewsHour Bessent accuses Lutnick of failing to prevent China from obtaining Nvidia chips
- Deccan Chronicle Bessent Blames Lutnick for Not Blacklisting Nvidia Partner Megaspeed
- CBS News Bessent upset Lutnick didn't ban Nvidia chip exports to China-linked firm
- Hindustan Times ‘Commerce has the pen’: Why one Trump aide blamed another amid Nvidia controversy
Headlines belong to the news organisations named; each links to their own report. We group reports automatically by their key words, so now and then two different stories can be grouped together, or one story split in two. Tell us about a mistake
