Bessent Faults Commerce Dept. for Failing to Blacklist Megaspeed
Treasury Secretary Scott Bessent said on CNBC that the Commerce Department bears responsibility for the government's failure to blacklist the Singaporean data center firm Megaspeed, which U.S. intelligence deems led by a Chinese asset, and reports say he confronted Commerce Secretary Howard Lutnick over the delay. The article also reports that Jensen Huang resigned as Nvidia's chief executive amid revelations of a relationship with Megaspeed's Alice Huang, and that Megaspeed legally served Chinese clients through Southeast Asian data centers while under investigation for chip smuggling.
