NVIDIA Watch posted an update
US Treasury Secretary Scott Bessent says several departments backed restricting Nvidia chip sales to Singapore-based Megaspeed, but the decision rests with the Commerce Department, Hindustan Times reports, citing the Associated Press and Bessent’s CNBC interview.
Why it mattersThe report says Megaspeed bought more than $4bn worth of advanced Nvidia chips. Democratic lawmakers are demanding records about export decisions, while Republican lawmakers have also called for explanations and a House committee chair has sought a December hearing. That puts a specific sale and a named government decision-maker at the centre of the export-control dispute. The reported sales and political demands are not, by themselves, proof of an export violation.
Discuss: Should Congress require more oversight of advanced-chip sales, or should export decisions stay with the Commerce Department?
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