{
  "id": 19827502,
  "title": "Lutnick agrees to testify as Bessent blames him for chip sales",
  "url": "https://urgent.news/2026/11/13/lutnick-agrees-to-testify-as-bessent-blames-him-for-chip-sales",
  "topic": "tech",
  "section": "Tech",
  "published": "2026-11-13T15:13:00.000Z",
  "source": {
    "name": "CBS News",
    "slug": "cbs-news",
    "url": "https://www.cbsnews.com/news/howard-lutnick-scott-bessent-nvidia-megaspeed-testimony/"
  },
  "original_language": "en",
  "account": "Commerce Secretary Howard Lutnick has committed to providing testimony before the Senate Banking Committee on December 10, as the scrutiny intensifies over the Commerce Department's handling of the export of advanced AI chips, following Nvidia CEO Jensen Huang's resignation. Republicans are pushing for Lutnick to answer questions regarding the Commerce Department's alleged delay in adding Singapore-based firm Megaspeed International to the U.S. Entity List, which would have restricted the company's access to advanced AI chips.\n\nMegaspeed was previously headed by Alice Huang, a figure suspected of being a Chinese spy with a romantic entanglement with Nvidia's Jensen Huang. The U.S. government suspects Megaspeed of facilitating the transfer of Nvidia chips to China, bypassing a U.S. export ban. Senate Banking Committee member GOP Sen. Jim Banks of Indiana, speaking to Fox News on Thursday, alleged that \"we know that the Department of Commerce, Secretary Lutnick, it appears, used loopholes to allow some of these chip sales to occur even though President Trump has directed his administration and the Department of Commerce not to allow that to happen.\"\n\nTreasury Secretary Scott Bessent, speaking on Friday, squarely pointed the blame at the Commerce Department, stating that \"Treasury, War, [the U.S. Trade Representative] and State, they were in favor of putting Megaspeed on the Entity List for months, but Commerce has the pen.\" Bessent declined to comment on reported tensions between himself and Lutnick. The Commerce Department did not immediately provide a response to CBS News' request for comment.",
  "summary": "Commerce Secretary Howard Lutnick has agreed to testify before the Senate Banking Committee on Dec. 10, according to a U.S. official.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "Axios",
        "title": "Scoop: Inside Bessent's Situation Room confrontation with Lutnick over China chip security",
        "url": "https://urgent.news/2026/11/11/scoop-inside-bessents-situation-room-confrontation-with-lutnick-over",
        "published": "2026-11-11T15:45:13.000Z"
      },
      {
        "outlet": "Techmeme",
        "title": "Sources: the Commerce Department is finalizing a semiconductor control update that would prevent remote access and chip smuggling into China via data centers (Leo Schwartz/The Information)",
        "url": "https://urgent.news/2026/11/12/sources-the-commerce-department-is-finalizing-a-semiconductor-control",
        "published": "2026-11-12T03:25:00.000Z"
      },
      {
        "outlet": "BBC Technology",
        "title": "Bessent blames Lutnick's Commerce Department for failing to block Megaspeed",
        "url": "https://urgent.news/2026/11/13/bessent-blames-lutnicks-commerce-department-for-failing-to-block",
        "published": "2026-11-13T15:40:08.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}