● RegulationNov 12, 2026 · 04:238 sources

Howard Lutnick Blocked Trump Order to Stop Nvidia Chip Diversion to China

From marketbrief.now

AI;DR

President Trump ordered a crackdown on companies suspected of smuggling Nvidia AI chips to China, but Commerce Secretary Howard Lutnick repeatedly blocked the implementation of those restrictions, Axios reported. The conflict centers on Megaspeed, a Singapore-based Nvidia customer linked to a suspected Chinese spy who reportedly had an affair with Nvidia CEO Jensen Huang, and the firm has faced pressure from U.S. government agencies to be placed on a trade blacklist.

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Sources

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  1. SUPPORT@niubi“Several US government agencies pushed for Singapore-based Megaspeed to be included on the so-called entity list of groups connected to China that allegedly posed national security risks”x.com
  2. SUPPORT@gordonjohnson19“Treasury Secretary Scott Bessent confronted Commerce Secretary Howard Lutnick over his failure to blacklist Megaspeed, an Nvidia ($NVDA ) customer accused of diverting US chips to China”x.com
  3. SUPPORT@swamp_tracker“Lutnick's Commerce Dept halted a chip-smuggling probe after Nvidia's top lawyer stepped in”x.com
  4. SUPPORT@deitaone“US COMMERCE DEPARTMENT DELAYS MEGASPEED’S INCLUSION ON TRADE BLACKLIST - FT”x.com
  5. SUPPORT@mirandadevine“Lutnick has spent the last year "undoing" efforts by other administration officials to hold Megaspeed — [NVIDIA client] accused of illegally diverting U.S. chips to China — accountable because of concerns it would escalate the trade war with China.”x.com
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