● RegulationNov 12, 2026 · 04:238 sources
Howard Lutnick Blocked Trump Order to Stop Nvidia Chip Diversion to China
From marketbrief.now
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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