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Bessent blames Lutnick's Commerce Department for failing to block Megaspeed

Scott Bessent told CNBC that several government agencies "were in favour of putting Megaspeed on the entity list for months".

By BBC News

Excerpt shared by Lazyfounder

·Excerpt
Bessent blames Lutnick's Commerce Department for failing to block Megaspeed
Image: BBC News (Tech & Business)

US Treasury Secretary Scott Bessent has blamed the Commerce Department, run by Howard Lutnick, of failing to properly oversee the export of high-specification Nvidia chips, as the fallout from the scandal widens.

Jensen Huang left the company he co-founded after revelations he had an affair a former Megaspeed executive. The firm had been buying advanced chips from Nvidia.

Megaspeed had…

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