Brief by Shorts91 Newsdesk / 05:09pm on 13 Nov 2026,Friday International
US Treasury Secretary Scott Bessent has blamed Commerce Secretary Howard Lutnick for delaying restrictions against Singapore-based Megaspeed, a company facing allegations of diverting advanced Nvidia AI chips to China. Speaking to CNBC, Bessent said the Treasury, Defence and State departments, along with the US Trade Representative, had supported adding Megaspeed to the national security Entity List for months. However, he said the Commerce Department controlled the final decision. The controversy has intensified scrutiny of Nvidia and raised concerns over US export-control enforcement. Lutnick is expected to face congressional questioning on December 10. (PC: AP)
