Scoop: Lutnick stalled curbing Nvidia chip sales to China
Trump approved action three times, sources say.
TL;DR
- Commerce Secretary Howard Lutnick has allegedly stalled efforts to restrict companies suspected of sending Nvidia AI chips to China.
- President Trump has authorized crackdowns on these diversions three times this year.
- Other administration officials, including Treasury Secretary Scott Bessent and National Security Adviser Marco Rubio, have confronted Lutnick about his department's resistance.
- Megaspeed, a company at the center of a spy scandal, is a key focus of these export control efforts.
- Lutnick's actions have been described as "stalling it out" and delaying decisions after the president had already approved them.
- Nvidia CEO Jensen Huang has previously argued that selling less powerful chips to China is beneficial for national security by maintaining U.S. dependency.