Bessent accuses Lutnick: Megaspeed bypassed Nvidia chip export bans to China

U.S. Treasury Secretary Scott Bessent accuses Commerce Secretary Howard Lutnick of allowing Megaspeed to circumvent American restrictions and ship Nvidia chips to China. Megaspeed was previously led by Alice Huang, accused of espionage for China — claims both the company and Beijing deny. The dispute reveals tensions within the U.S. administration over technology export controls.