Treasury Secretary Scott Bessent has pointed to the Commerce Department as the reason for delays in placing Megaspeed on a blacklist of companies that may threaten national security. This comes after Nvidia's former CEO Jensen Huang resigned following reports of an affair with a suspected Chinese spy. Huang is scheduled to brief Congress and testify in December, while Megaspeed is under investigation for allegedly smuggling Nvidia chips into China.
Key facts
- Scott Bessent stated the Commerce Department delayed Megaspeed's blacklist status.
- Jensen Huang resigned from Nvidia on November 10 after 33 years.
- Megaspeed allegedly paid over $4.8 billion for Nvidia chips in two years.
- Huang is scheduled to brief Congress by Thanksgiving.
- Commerce Secretary Howard Lutnick will testify on December 10.
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