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Treasury Secretary Scott Bessent points finger at Howard Lutnick, Commerce Department over Nvidia chip scandal

NY Post ·

Updated 1h ago

  • 3 more outlets picked it up in the last 3 hours, most recently BBC, NY Post, CNN.

Treasury Secretary Scott Bessent blamed the Commerce Department for the Trump administration not acting sooner against a Nvidia customer accused of illegally diverting sensitive AI chips to China.

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First reported by Axios at · 8 outlets in all

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  1. BBCBessent blames Lutnick's Commerce Department for failing to block MegaspeedScott Bessent told CNBC that several government agencies "were in favour of putting Megaspeed on the entity list for months".
  2. NY PostTreasury Secretary Scott Bessent points finger at Howard Lutnick, Commerce Department over Nvidia chip scandalTreasury Secretary Scott Bessent blamed the Commerce Department for the Trump administration not acting sooner against a Nvidia customer accused of illegally diverting sensitive AI chips to China.
  3. CNNFallout from Nvidia scandal continues as Treasury Secretary weighs in
  4. Financial Times(subscription required)Bessent blames Lutnick’s commerce department for failure to blacklist MegaspeedSalvo from US Treasury secretary risks stoking tensions within Trump administration over Nvidia scandal
  5. CNBCNvidia scandal draws in Commerce Secretary Lutnick, who reportedly agrees to testify about China chip salesCommerce Secretary Lutnick will testify before the Senate Banking Committee following revelations about Jensen Huang's affair with an alleged Chinese spy.
  6. NBC NewsHoward Lutnick will testify as bipartisan pressure grows over Nvidia scandalFormer Nvidia CEO Jensen Huang, who was also requested to testify, had previously praised the commerce secretary for his support and involvement in the industry.
  7. Washington ExaminerThe GOP knives are out for Trump Commerce Secretary Howard LutnickCommerce Secretary Howard Lutnick is quickly losing friends on Capitol Hill after coming under fire for his actions with American computer chip giant Nvidia. Lutnick could become the next high-ranking administration member to get the boot as part of President Donald Trump’s post-midterm personnel shuffle over accusations the Cabinet official jeopardized national security with his
  8. AxiosTrump sticks by Commerce Secretary Lutnick despite Nvidia inaction