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Rohan Paul@rohanpaul_ai
Now this is a public rift: On CNBC: US Treasury Secretary Bessent leaves Commerce Secretary Lutnick to take the fall. for months of delay in adding Singapore-based Nvidia customer Megaspeed to the US Entity List, despite support from Treasury, Defense, State and the USTR over alleged diversion of advanced AI chips to China.
He says "Treasury, War, USTR, and State were supportive of putting Megaspeed on the entity list for months, but Commerce has control of the pen. You’ll have to ask them about their own internal processes."
Reuters: Now White House officials weighing removing Howard Lutnick as Nvidia’s spy scandal reaches the Commerce Department.
Lutnick reportedly received a classified memo in May warning that Jensen Huang was involved with a suspected Chinese spy, yet his department still never blacklisted her company, Megaspeed, which has bought over $4.8B of Nvidia AI chips.
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axios reports that Treasury Secretary Scott Bessent confronted Commerce Secretary Howard Lutnick over why Nvidia customer Megaspeed isn’t blacklisted.
Bessent pressed to blacklist Nvidia customer Megaspeed, the Singapore firm bought more than $4B of advanced Nvidia hardware for Southeast Asian data centers serving Chinese clients.
Several agencies, including the State Department, agreed months ago to add the firm to the entity list, but Commerce dept, which issues the rules, stalled.
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