4 publishers · first seen Wed, 11 Nov 2026 15:57 UTC · updated Thu, 12 Nov 2026 14:34 UTC
President Trump has approved action against suspected diversions of advanced AI chips to China for the third time this year, but Commerce Secretary Howard Lutnick has resisted implementing the restrictions. Lutnick reportedly fears that tighter restrictions could worsen trade tensions with China. The controversy centers on Megaspeed, a Singapore-based company accused of facilitating the transfer of restricted American chips to China. Lutnick has been under pressure from both Democrats and Republicans to take action against Megaspeed, which has purchased about $4 billion worth of chips in recent years. The company has denied any wrongdoing and pledged to cooperate with US investigations.
Content auto-generated. May contain inaccuracies.