According to Axios, U.S. Treasury Secretary Scott Bessent questioned Commerce Secretary Howard Lutnick on November 5 regarding why MegaSpeed, a Singapore-based firm accused of illegally exporting U.S. chips to China, was not added to the Commerce Department's Entity List. Bessent asked during a White House situation room meeting why the company remained off the restricted trading list, to which Lutnick initially hesitated before saying he would look into it. MegaSpeed is suspected of being involved in illegal chip exports to China, and NVIDIA CEO Jensen Huang acknowledged having an extramarital relationship with Alice Huang, a MegaSpeed executive suspected of being a Chinese spy.

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