Bessent accuses Lutnick of failing to prevent China from obtaining Nvidia chips

Treasury Secretary Scott Bessent publicly accused Commerce Secretary Howard Lutnick of failing to prevent China from obtaining Nvidia’s most advanced chips, alleging that Megaspeed helped circumvent export restrictions. The dispute intensified amid broader concerns over technology controls and followed Jensen Huang’s departure from Nvidia after admitting a personal relationship with an executive tied to alleged chip trafficking. The controversy highlights ongoing tensions over U.S. export policy.