Scott Bessent Blames Howard Lutnick Over Megaspeed Trade Blacklist Failure

RecentNews.uk

Scott Bessent criticized Howard Lutnick's Commerce Department for delaying Megaspeed's addition to the entity list.

Megaspeed faced allegations of smuggling advanced Nvidia AI chips into China.

Bessent expressed frustration that hardware leakage threatens US competitiveness in the global AI race.

The controversy follows Jensen Huang's departure from Nvidia amid personal revelations.

Should the US government impose stricter penalties on tech firms for hardware leakage?

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