US Treasury chief blames Commerce Dept for failure in Nvidia scandal

US Treasury Secretary Scott Bessent on Friday blamed the Commerce Department for failing to blacklist Megaspeed, the Singapore company at the centre of a scandal that prompted Nvidia chief executive Jensen Huang to resign. Speaking on CNBC, Bessent said Treasury, the Defence Department, the US Trade Representative’s office and the State Department had backed adding Megaspeed to Washington’s trade blacklist, “for months”. “But Commerce has the pen,” Bessent said. “You will have to ask them about

Source: Dawn