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Wire · regulatory

Bessent blames Lutnick's department for not banning Nvidia chip sales to China-linked firm

13 November 2026 · By · Wire by Fusion42

Published

13 November 2026

Topic

regulatory

◆ Sectors

Semiconductors

◆ Geography

United States

◆ Source

Read at bbc.com →

◆ Verified

Fusion42 · 13 November 2026 · Fusion42 review

US Treasury Secretary Scott Bessent criticised the Commerce Department led by Howard Lutnick for failing to block the export of advanced Nvidia AI chips to the Chinese-linked firm Megaspeed, amid suspicions of smuggling and national security concerns. Congressional committees have demanded records and testimonies to investigate potential regulatory oversights and accountability regarding chip exports to China.

This Wire brief sits within Fusion42's coverage of Semiconductors, and 2 sources have reported it between 11 Nov 2026 and 13 Nov 2026.

◆ ◆ The Wire takeaway

Regulatory permissions for Nvidia chip exports to China just became a battleground. You must reassess compliance and customer screening processes for AI hardware exports immediately.

◆ Coverage

2 sources · first reported 11 Nov 2026 · latest 13 Nov 2026

◆ Related on Wire

◆ Topics

Semiconductorsnvidiaexport-controlschinacommerce-departmentnvidia-chipsnational-security