- The Singapore tech company was accused of illegally diverting U.S. chips to China, and former Nvidia CEO Jensen Huang admitted to having an affair with a company executive.
- The United States identified the woman, Alice Huang, as a suspected Chinese intelligence agent.
Driving the news: “Treasury, War, USTR and State – they were in favor of putting Megaspeed on the Entity List for months, but Commerce has the pen,” Bessent said on CNBC Friday morning.
- “You have to ask them about their internal processes,” he added.
- The Commerce Department did not immediately respond to Axios’ request for comment.
Editor’s note: This is a breaking news story and will be updated.
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