U.S. Treasury Secretary Bessent Questions Nvidia Over Knowingly Selling AI GPUs to Shell Companies

According to CNBC, U.S. Treasury Secretary Scott Bessent questioned whether Nvidia knowingly sold artificial intelligence GPUs to shell companies on November 13, calling for accountability among company officials. Bessent stated: "I think it is important that anyone at the company there be held accountable for that," emphasizing that Nvidia failed to implement robust controls to prevent sales to pass-through intermediaries destined for China.

Bessent also criticized Nvidia's General Counsel Timothy Teter, whose office contacted U.S. Department of Commerce officials regarding a detention in Singapore. Bessent noted he does not believe CEO Jensen Huang necessarily knew about the illicit practices, but said the board should conduct a thorough investigation into internal compliance failures.

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