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Sources: Scott Bessent confronted Howard Lutnick last week over the Commerce Dept. not adding Megaspeed to the Entity List; Commerce denies the confrontation (Axios)
Techmeme ·
The Brief · written from 4 sources
- Axios sources say Treasury Secretary Scott Bessent confronted Commerce Secretary Howard Lutnick last week over Commerce not adding Megaspeed to the Entity List; Commerce denies the confrontation.
- Axios sources say Lutnick has stalled curbs on companies suspected of diverting Nvidia chips to China, though Trump authorized such a crackdown on Nov. 5.
- Bloomberg sources say Megaspeed founder Alice Huang has returned to China and is living in Beijing with the knowledge of security officials.
- WSJ reports Nvidia stopped reporting Singapore revenue after the quarter ended July 2025, when Singapore accounted for 22% of its revenue, after placing Megaspeed on a blocklist.
Why it matters
The reporting concerns how US export-control enforcement on suspected chip diversion to China is being handled, which could affect how Nvidia chips and their resellers are regulated.
Who’s affected
- Nvidia customers and chip resellers with Singapore exposure
- Companies operating in AI chip supply chains
- #export-controls
- #nvidia
- #entity-list
- #china
- #megaspeed
- #chip-diversion
Axios : Sources: Scott Bessent confronted Howard Lutnick last week over the Commerce Dept. not adding Megaspeed to the Entity List; Commerce denies the confrontation — Treasury Secretary Scott Bessent confronted Commerce Secretary Howard Lutnick over a failure to place…
Timeline
Trump approved curbs on companies suspected of diverting Nvidia chips to China for the third time this year
Axios reported Bessent confronted Lutnick over the Entity List decision on Megaspeed; Commerce denied the confrontation
Techmeme
Sources: Scott Bessent confronted Howard Lutnick last week over the Commerce Dept. not adding Megaspeed to the Entity List; Commerce denies the confrontation (Axios)
Techmeme
Sources: Howard Lutnick has stalled curbs on companies suspected of diverting Nvidia chips to China; Trump approved them for the third time this year on Nov. 5 (Axios)
Techmeme
Sources: Megaspeed founder Alice Huang has returned to China; a source says she is currently living in Beijing with the knowledge of security officials (Bloomberg)
Techmeme
Nvidia stopped reporting Singapore revenue after the quarter ended July 2025, when it accounted for 22% of its revenue, after placing Megaspeed on a blocklist (Jonathan Weil/Wall Street Journal)