Blame Game Unfolds in Nvidia's Alleged Spy Scandal: Treasury Points to Commerce

Former Nvidia CEO Jensen Huang was ousted this week following two (now reportedly three) affair scandals, one with an Nvidia executive and another with an alleged Chinese spy and executive at Singapore-based Megaspeed International. Speaking on CNBC Friday morning, Bessent said that the Treasury, Defense, and State departments, as well as the Office of the United States Trade Representative, had been "in favor of putting Megaspeed on the entity list for months," but the Commerce Department "has the pen." He added, "You would have to ask them about their internal processes." The affair allegedly facilitates the shipment of at least $7 billion worth of Nvidia chips to Chinese companies, The Information reported on Tuesday, evading export control restrictions imposed by Washington.