Wire · regulatory
Bessent blames Commerce's Lutnick for not restricting Nvidia chip exports to China
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Fusion42 · 13 November 2026 · Fusion42 review
Treasury Secretary Scott Bessent publicly criticised the Commerce Department, led by Howard Lutnick, for delaying restrictions on Nvidia chip exports to a China-linked firm, Megaspeed International, amid concerns of espionage. The issue has escalated to Congressional calls for investigations on potential political influence affecting export control decisions.
This Wire brief sits within Fusion42's coverage of Semiconductors, and 3 sources have reported it.
◆ ◆ The Wire takeaway
You face a political firestorm where Commerce’s leniency on chip export restrictions invites Capitol scrutiny. Prepare for tightened enforcement and shifting policy that could disrupt hardware sales into China.
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3 sources · 13 Nov 2026
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