Bessent blames US Commerce Department for not restricting Nvidia chip exports to China
US Treasury Secretary Scott Bessent on Friday blamed the Commerce Department, led by Howard Lutnick, for delaying the blacklisting of Megaspeed, an Nvidia customer suspected of diverting advanced AI chips to China, days before US President Donald Trump and Chinese President Xi Jinping are expected to meet in Shenzhen. Bessent spoke a day after Nvidia co-founder Jensen Huang resigned as chief executive following reports that he had an affair with Alice Huang, a former…