Bessent says advanced chip leaks frustrate him amid Megaspeed dispute

The Treasury Secretary's comments follow a reported clash with Commerce Secretary Howard Lutnick over a Singapore-based Nvidia customer Treasury Secretary Scott Bessent says any leak of advanced chips frustrates him. That sounds like a standard line from a senior official. The timing makes it more pointed. Bessent’s comment follows a reported clash inside the White House over a Singapore company accused of moving billions of dollars in Nvidia AI chips to China. The company is Megaspeed. The dispute centers on why it has not yet landed on the Commerce Department’s Entity List. On November 6, 2026, Bessent reportedly confronted Commerce Secretary Howard Lutnick during a meeting in the White House Situation Room. The core question was simple.

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