Bessent says Nvidia needs major changes to its leadership

The Treasury Secretary says the chipmaker needs major changes at the top and questions its internal controls on export compliance Treasury Secretary Scott Bessent says Nvidia needs major changes to its leadership. That is a striking thing for a sitting Treasury Secretary to say about one of the most closely watched companies in the world. The remarks come during a turbulent week for the AI chip giant. They also widen what began as a corporate governance crisis into a public fight inside the US government over export controls. In an interview on Nov. 13, Bessent sharply criticized the Commerce Department’s handling of export controls tied to Nvidia. His focus was Megaspeed, a Singapore-based entity at the center of the controversy.

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