US Treasury Secretary Bessent says it was clear China shouldn’t receive any chips more advanced than H100s (NVDA); Treasury has been pushing for export controls and for Megaspeed to be added to the Entity List for months
ORIGINAL · NewsquawkUS Treasury Secretary Bessent says it was clear China shouldn’t receive any chips more advanced than H100s (NVDA); Treasury has been pushing for export controls and for Megaspeed to be added to the Entity List for monthsRead originalHide original
Commerce Department needs to be asked about the blacklisting. Chip exports have a lot of leaks. Questions whether Nvidia (NVDA) knew its clients and whether it tried to stop leaks. Nvidia lacked robust controls if any spying was taking place.
Bessent reiterated opposition to China receiving chips beyond H100s amid reported disputes over Megaspeed’s possible blacklisting, with Nvidia’s earnings and a congressional hearing scheduled next week.
News detail
Commerce Department needs to be asked about the blacklisting. Chip exports have a lot of leaks. Questions whether Nvidia (NVDA) knew its clients and whether it tried to stop leaks. Nvidia lacked robust controls if any spying was taking place.
Related stocks
1 stocks
What do investors think?
StockNow uses AI to translate and analyze information and does not guarantee its accuracy or completeness.