Bessent Blames Lutnick's Commerce Department Over Nvidia Chip Scandal
Treasury Secretary Scott Bessent repeated his criticism of Commerce Secretary Howard Lutnick on Sunday. Bessent said Commerce failed to block Nvidia chip sales routed through Megaspeed International.
Bessent made the comments to host Larry Kudlow on Fox News.
Megaspeed was never placed on the Commerce export blacklist.
Mediaite reports Alice Huang, an alleged spy, once ran Megaspeed.
Mediaite reports her affair with Jensen Huang led to his ouster.
Why it matters: Bessent said the key question is whether Nvidia knowingly used shell companies to sell chips to China. He asked how high in the company the failure went.
Bessent said a bank with similar failures would see executives removed.
"Commerce had the pen," Bessent said of the blacklist decision.
Bessent Blames Lutnick's Commerce Department Over Nvidia Chip ScandalYou are hereLatest
How 78 sources split on this story
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Coverage by lean% of 78 sources
78 sources · 203 articles · 36% Right coverage
Where they split: The two outlets differ on emphasis: Mediaite centers on Bessent blaming Commerce, while Conservative Treehouse also highlights his economic claims.
Center coverage, 26 sources: The center frames the story as a Cabinet dispute, with Bessent pushing blame for the Nvidia case onto Lutnick's department.
Right coverage, 28 sources: The right frames the interview as Bessent demanding accountability from Nvidia and Commerce on national security while touting economic gains.