Bessent points to Lutnick’s Commerce as he slams Nvidia chip ‘leakage’ to China
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.
TL;DR
- Treasury Secretary Scott Bessent claims his department and others supported restricting Megaspeed for months.
- Bessent suggests Commerce Secretary Howard Lutnick has resisted implementing export controls on companies suspected of diverting Nvidia AI chips to China.
- A Commerce Department spokeswoman denied a reported conversation between Bessent and Lutnick in the Situation Room.
- Bessent expressed frustration about any "leakage" of Nvidia chips to China, stating it advantages China in the AI race.
- Former Nvidia CEO Jensen Huang resigned amid scrutiny of his relationship with a Megaspeed executive reportedly deemed a Chinese spy.
- Bessent questioned Nvidia's knowledge of its clients and its efforts to prevent chip diversion through shell companies.