# Bessent says four US agencies backed blacklisting Megaspeed

_Published Friday, November 13, 2026 at 12:06 PM EST · Policy, AI · Latest · Tier 2 — Notable_

![Bessent says four US agencies backed blacklisting Megaspeed — Primary](https://media.thenextweb.com/2026/10/scott-bessent-white-house-press-briefing-podium.jpg)

Treasury Secretary Scott Bessent said Friday that Treasury, the Pentagon, the State Department and the US Trade Representative had supported putting Nvidia customer Megaspeed on the Commerce Department's trade blacklist for months. Speaking on CNBC, he said Commerce controls the listing process; Megaspeed remains off the list.

Bessent also questioned whether Nvidia adequately checked customers to prevent advanced chips from reaching China. Megaspeed denies allegations that it diverted chips there. Nvidia says it banned sales and shipments to Megaspeed in June 2025. The Senate Banking Committee has asked Jensen Huang and Commerce Secretary Howard Lutnick to testify in December.

## Sources

- [The Next Web](https://thenextweb.com/news/bessent-lutnick-commerce-megaspeed-entity-list)

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Canonical: https://techandbusiness.org/newswire/-B-jEZL42ZttvWeW-RINVD
Published: 2026-11-13T17:06:46.784Z
Story chronology: 2026-11-13T16:35:34.000Z
Retrieved: 2026-11-13T19:06:10.393Z
Publisher: Tech & Business (techandbusiness.org)