Treasury Secretary Bessent questioned Nvidia's ability to control where its chips go. If spying was occurring, he said, the company had no robust controls.
China should not get anything above H100s. Treasury spent months pushing to add Megaspeed to the entity list, but Commerce
Assessment
Treasury Secretary Bessent is publicly questioning Nvidia's oversight of its chip supply chain, suggesting the company lacks the controls to prevent unauthorized use. The stakes are high: if Nvidia cannot guarantee where its most advanced chips end up, the U.S. government may tighten export restrictions further. Bessent's comments signal internal friction between Treasury and Commerce over how aggressively to block China's access to high-performance chips like Megaspeed. Watch for whether Commerce follows Treasury's push to add Megaspeed to the entity list.