According to Axios, Treasury Secretary Scott Bessent confronted Commerce Secretary Howard Lutnick on November 5 in the White House Situation Room over why Megaspeed, an NVIDIA customer accused of smuggling American chips to China, has never been placed on the Entity List. The Commerce Department has not added any company to the Entity List in 13 months, with the last entry on October 9, 2025. More than 100 approved names, including Chinese AI lab DeepSeek, have cleared an interagency review panel but remain unpublished. Senator Tom Cotton's October 2025 letter to Lutnick indicated Megaspeed's chip orders at nearly 2% of a U.S. company's global data center sales.
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