US Treasury secretary Scott Bessent slams Nvidia and Howard Lutnick over spying row
Bessent stated there is significant leakage in the chip export system and that the administration is working to plug gaps.
US Treasury secretary Scott Bessent on Friday criticised Nvidia and Commerce secretary Howard Lutnick regarding an ongoing spying row, according to The Times of India.
Speaking during an interview with CNBC, Bessent said the chip-making company lacked robust controls to identify if spying was occurring.
Bessent noted there is significant leakage in the chip export system and said the Trump administration is working to plug those gaps.
The Treasury secretary said his department had been in favour of putting Megaspeed on the US entity list for months.
Bessent stated that managing the list is the responsibility of the Commerce department and suggested the FTC could possibly take action.
He added that the Bureau of Industry and Security (BIS) makes decisions regarding exports, as OFAC has no control over such matters.
