Bessent Says China Should Not Get Chips More Advanced Than Nvidia’s H100
Key Highlights Treasury Secretary Scott Bessent has pressed Commerce Secretary Howard Lutnick over delays in blacklisting Megaspeed, which is accused of rerouting advanced Nvidia chips to China. U.S. export controls on Nvidia’s A100 and H100 processors began in August 2022 and have since expanded to newer models and China-specific variants. Estimates indicate that between 1 ...