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Howard Lutnick agreed to testify as lawmakers scrutinized chip export controls and Megaspeed’s trade-list status.
Commerce Secretary Howard Lutnick agreed to testify before the Senate Banking Committee as lawmakers examined the department’s oversight of advanced chip exports. Treasury Secretary Scott Bessent said several agencies had backed adding Megaspeed to a U.S. trade-control list, while the Commerce Department had authority over the decision.
What the reports agree on
- Bessent said several government agencies had supported listing Megaspeed for months. Axios, BBC Tech, CBS News
- Bessent said the Commerce Department had authority over the listing decision. Axios, BBC Tech, CBS News
- U.S. officials suspected Megaspeed of directing or diverting advanced Nvidia chips to China. Axios, BBC Tech, CBS News
- Lutnick agreed to testify before the Senate Banking Committee. The Hill, CBS News
Where reports differ
- Al Jazeera said Scott asked Lutnick to testify at a public hearing on December 3, while CBS News said Lutnick agreed to testify on December 10. CBS News
Reported by one outlet
- The Hill reported that Commerce Department spokesperson Kristen Eichamer announced Lutnick’s agreement to testify. The Hill
- Axios reported that Bessent discussed Megaspeed in a CNBC interview on Friday. Axios
- BBC Tech reported that Bessent said President Donald Trump had directed that China should not receive Nvidia chips more advanced than the H100. BBC Tech
- Al Jazeera reported that three House committees requested separate hearings with Nvidia and Commerce officials. Al Jazeera
The original reports
- CBS News Lutnick agrees to testify as Bessent blames him for chip sales
- BBC Tech Bessent blames Lutnick's Commerce Department for failing to block Megaspeed
- Axios Bessent puts Megaspeed heat on Lutnick: "Commerce has the pen"
- The Hill Lutnick agrees to testify before Congress amid bipartisan concerns
- Al Jazeera Nvidia’s Huang, Lutnick summoned to testify to US Senate