Scott Bessent said on Friday that the Treasury Department, Pentagon, US Trade Representative's office and State Department had supported putting Megaspeed on Washington's trade blacklist "for months". But despite that backing, the decision was never made.

Jensen Huang resigned as Nvidia CEO days after admitting to an affair following scrutiny of his relationship with a woman reportedly deemed a Chinese spy.

Treasury Secretary Scott Bessent says he was frustrated with the Commerce Department’s delay in implementing controls over the export of certain Nvidia chips to China.