WORLDTECHTreasury and Commerce chiefs reportedly split on Nvidia chip exports to China
According to Crypto Briefing, senior figures in the Trump administration are at odds over how Nvidia's advanced AI chips reach China. Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick are reportedly divided on the response.
Megaspeed at the heart of the disagreement
The dispute centres on Megaspeed International, a Singapore-based entity that is alleged to be getting around U.S. limits on exports of Nvidia's advanced AI chips, Crypto Briefing reports.
Bessent, along with other senior officials, has reportedly urged that Megaspeed be added to the Commerce Department's entity list. Lutnick has not yet signed off on that move.
Internal split over export security
The reported rift points to a broader argument inside the administration about how to handle national security risks tied to exports of high-technology goods. Nvidia is a semiconductor company based in Santa Clara.
The disagreement has significant implications for Lutnick's standing as Commerce Secretary, since the entity list is administered by his department. The reporting does not say how the matter will be settled.
Open questions
- Will Lutnick endorse placing Megaspeed on the entity list?
- Will the administration settle on a single position on Nvidia chip exports to China?