- Commerce disputed a reported confrontation involving Secretary Bessent and Secretary Lutnick.
- No Megaspeed entry appeared in Commerce’s consolidated screening data or the Federal Register through Nov. 11.
- Megaspeed says its Nvidia-powered cloud computing business operates within applicable export-control regulations.
Commerce Disputes Reported Bessent-Lutnick Conversation
The U.S. Commerce Department disputed a reported confrontation involving Secretary Bessent and Secretary Lutnick. “This is false. Secretary Bessent and Secretary Lutnick had no such conversation,” spokesperson Kristen Eichamer told Axios in its earlier account of the meeting. In a subsequent report, Axios said Eichamer would not immediately comment on the other allegations.
No Published Megaspeed Entity List Notice
An independent review of Commerce’s consolidated screening data found no entry for Megaspeed on Nov. 11. The database includes the Bureau of Industry and Security’s Entity List, which identifies organizations subject to additional U.S. export-control restrictions.
A search of the Federal Register also found no published notice mentioning Megaspeed through Nov. 11. The absence of a public listing or notice does not rule out nonpublic licensing activity or investigative steps involving the company.
Why the Entity List Status Matters to Suppliers
The distinction is significant for suppliers that conduct business with Megaspeed. When an entity is added to the Entity List, transactions involving that entity generally require additional export licenses. Additions are decided by a majority vote of an interagency committee chaired by Commerce, with representatives from the State, Defense and Energy departments and, when appropriate, the Treasury Department.
Megaspeed markets cloud-computing services that use Nvidia processors. In a statement published on its website and dated Dec. 23, 2025, the company responded to an earlier Bloomberg article by disputing suggestions that it had been involved in illegal chip transfers. Megaspeed said it operated within applicable export-control regulations.
Frequently Asked Questions
Was Megaspeed listed on Commerce’s Entity List?
No Megaspeed entry was found in Commerce’s consolidated screening data on Nov. 11, and no Federal Register notice mentioning the company was found through that date.
Does the lack of a public notice rule out government action?
No. The reported findings do not rule out nonpublic licensing activity or investigative steps.
What does an Entity List designation mean for suppliers?
An Entity List designation imposes additional export-license requirements when a listed entity is involved in a transaction. Additions require a majority vote by an interagency committee chaired by Commerce.
