Bessent Blames Commerce Over Megaspeed Blacklist
US Treasury Secretary Scott Bessent criticized the Commerce Department for failing to blacklist Nvidia partner Megaspeed. Lawmakers are demanding answers amid a growing national security scandal.
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US Treasury Secretary Scott Bessent said Friday that four government agencies backed adding Singapore-based Megaspeed to a trade blacklist, bypassing the Commerce Department. The dispute exposes deep internal divisions over export controls on advanced semiconductors. Investors face heightened regulatory uncertainty as lawmakers scrutinize chip sales and compliance failures.
