Bessent Accuses Commerce Department of Allowing Nvidia Chip Sales to Megaspeed
Bessent accuses Commerce Secretary Howard Lutnick's team of permitting Nvidia chips to be sold to Megaspeed, prompting Trump aides to consider his removal.
POLICY WIRE — Washington, D.C., USA — Industry watchdog Bessent has publicly blamed the Commerce Department, specifically the office led by Howard Lutnick, for permitting Nvidia chips to flow to the firm Megaspeed.
The allegations center on a series of transactions in which Nvidia’s advanced processors were reportedly transferred to Megaspeed without the department intervening to blacklist the buyer.
Within the White House, senior advisers to President Donald Trump are reportedly debating whether Lutnick should be removed from his post in response to the scandal.
The controversy has drawn coverage from major outlets including the BBC, CNN, The Economist, Yahoo Finance and The New York Times, each highlighting the political fallout and potential regulatory lapses.
Reporting by Policy-Wire (PW)