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US Treasury Secretary Scott Bessent has blamed the Commerce Department, run by Howard Lutnick, for failing to properly oversee the export of high-spec Nvidia chips, as the fallout from the scandal widens. Jensen Huang left Nvidia after revelations he had an affair with a former Megaspeed executive who was also allegedly a Chinese spy. The firm had been buying advanced chips from Nvidia. Megaspeed had been probed by US government agencies over suspicions it had been smuggling chips into China, reports said, but it is not on a list of firms that US companies are prevented from working with. Bessent told CNBC several agencies "were in favour of putting Megaspeed on the entity list for months". "But Commerce has the pen...
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