What Happened
Commerce Secretary Faces Bipartisan Criticism Amid National Security Concerns
US Commerce Secretary Howard Lutnick is under bipartisan scrutiny for his role in allowing Nvidia chips to be sold to China, despite concerns about national security. The controversy surrounds Megaspeed, a Singapore-based company suspected of diverting the chips to China. Lutnick’s department blocked action on Megaspeed, sparking criticism from fellow cabinet members and congressional leaders. The issue has led to calls for Lutnick’s resignation and is being reported by Fortune.