What Happened
Bessent Blames Lutnick For Delay In Restricting Sensitive Technology To China
Treasury Secretary Scott Bessent has expressed frustration with the Commerce Department’s delay in implementing controls over the export of certain Nvidia chips to China. Bessent’s comments come as Nvidia’s ties to Singapore-based Megaspeed International have raised concerns about sensitive technology exports. The situation has also led to the resignation of Nvidia CEO Jensen Huang, who has come under scrutiny for his relationship with Commerce Secretary Howard Lutnick. The Commerce Department has not responded to requests for comment, according to PBS News.