From CBS News · Jennifer Jacobs · · 1m
Lutnick to testify on chip export delays
Commerce Secretary Howard Lutnick agreed to testify before the Senate Banking Committee on December 10 about the department's handling of export restrictions on advanced AI chips to a China-linked company.
In brief
Commerce Secretary Howard Lutnick agreed to testify before the Senate Banking Committee on December 10 about the department's handling of export restrictions on advanced AI chips to a China-linked company. Commerce Secretary Lutnick will testify December 10 on why the department delayed adding Megaspeed International…
Lutnick testifies December 10
Commerce Secretary Howard Lutnick has agreed to testify before the Senate Banking Committee on December 10 about the Commerce Department's oversight of advanced AI chip exports.
Megaspeed delayed on Entity List
Republicans are questioning why the Commerce Department delayed adding Singapore-based Megaspeed International to the Entity List, which would have restricted its access to advanced Nvidia chips.
Bessent blames Commerce Department
Treasury Secretary Scott Bessent said Treasury, Defense, the Trade Representative and State all favored Entity List restrictions on Megaspeed for months. "Commerce has the pen," Bessent told CNBC.
“Commerce has the pen”
The essence
Commerce Secretary Lutnick will testify December 10 on why the department delayed adding Megaspeed International to the Entity List, restricting its access to advanced Nvidia chips.
