{
  "id": 19832276,
  "title": "Bessent blames Lutnick's Commerce Department for not restricting Nvidia chips to China",
  "url": "https://urgent.news/2026/11/13/bessent-blames-lutnicks-commerce-department-for-not-restricting",
  "topic": "tech",
  "section": "Tech",
  "published": "2026-11-13T16:32:02.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times-koreatimes",
    "url": "https://www.koreatimes.co.kr/world/20261114/bessent-blames-lutnicks-commerce-department-for-not-restricting-nvidia-chips-to-china"
  },
  "original_language": "en",
  "account": "Treasury Secretary Scott Bessent expressed frustration on Friday with the Commerce Department's delay in implementing restrictions on the export of specific Nvidia chips to China. Speaking on CNBC, Bessent revealed that his department, alongside the State, Defense, and Trade Representative departments, had been advocating for the inclusion of Megaspeed on an export control list for several months. However, he emphasized that ultimately, the Commerce Department holds the authority over the issue. Bessent recalled President Trump's clear stance that China should not receive Nvidia chips exceeding the H100 series. He further questioned the internal processes within the Commerce Department. Bessent's remarks constituted an unusually direct criticism of the Commerce Department, which is responsible for managing U.S. government controls over the export of sensitive, advanced technology goods. This reaction occurs as Nvidia's association with Singapore-based Megaspeed International, prominently featured on Megaspeed's website, becomes a central factor in the resignation of Nvidia's CEO, Jensen Huang. Commerce Secretary Howard Lutnick has increasingly become a focal point in this context.",
  "summary": "WASHINGTON — Treasury Secretary Scott Bessent said Friday he was frustrated with the Commerce Department’s delay in implementing controls over the export of certain Nvidia chips to China. Bessent said on CNBC that his department, along with the departments of State and Defense and the U.S. Trade Representative, were in favor of adding Megaspeed to an export control list for months but that the…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 5,
    "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": "CBS News",
        "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",
        "published": "2026-11-13T15:13:00.000Z"
      },
      {
        "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."
}