Bessent blames Commerce Dept over delay in blacklisting Nvidia partner

U.S. Treasury Secretary Scott Bessent has criticized the Commerce Department for delaying the inclusion of the company 'Megaspeed' on the government's blacklist, according to reports by The Guardian and Reuters. Bessent stated that he had been in favor of the move for months, aimed at stopping Nvidia from exporting advanced chips to Beijing.

The controversy surrounding Megaspeed's operations comes amidst the ongoing turmoil at Nvidia, which includes the resignation of CEO Jensen Huang and congressional investigations into technology exports to China. Further details regarding the internal administration discussions have not yet been released.