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US Treasury Secretary Questions Why Megaspeed Is Not Blacklisted
Sentiment: NeutralHigh Priority
What Happened?
US Treasury Secretary Scott Bessent challenged Commerce Secretary Howard Lutnick over Megaspeed's absence from a federal blacklist amid allegations of illegal chip exports to China. Lutnick promised to investigate the matter.
Key points
- Nvidia CEO Jensen Huang is alleged to have had an affair with Megaspeed employee Alice Huang, suspected of being a Chinese spy.
- Megaspeed is accused of illegally exporting US chips to China.
- Treasury Secretary Bessent confronted Commerce Secretary Lutnick about Megaspeed's status in a White House meeting.
- Lutnick initially struggled to explain why Megaspeed was not on the blacklist.
- Concerns about Megaspeed have been raised since fall 2025, but action has reportedly been resisted.
- The scrutiny on Lutnick is increasing due to the handling of an intelligence memo regarding Megaspeed.
Key insights
- If Megaspeed remains unblacklisted, it may embolden other companies to engage in similar practices.
- The ongoing investigation could lead to increased tensions between the US and China regarding technology exports.
- Failure to act against Megaspeed might undermine the credibility of the Commerce Department's oversight.
Why it matters
The scrutiny over Megaspeed's status could impact US-China relations and national security policies.
Tags
Entities
Scott Bessent· PersonHoward Lutnick· PersonJensen Huang· PersonMegaspeed· CompanyNvidia· CompanyChina· Country
Source
Times Now
