Companies that raise national security concerns are listed on the "Entity List" and face export restrictions. NVIDIA's CEO Jensen Huang and the woman he was involved in an affair with, who is a senior executive at Singapore-based data center company Megaspeed, were also being urged by multiple government agencies to be added to the Entity List. However, it was revealed that the Commerce Department, which oversees the list, had been continually postponing the addition. This issue has led to reports that Scott Bessent, the Treasury Secretary, is clashing with Howard Lutnick, the Commerce Secretary.

Bessent confronted Lutnick over Nvidia customer Megaspeed, sources say
https://www.axios.com/2026/11/11/bessent-lutnick-megaspeed-nvidia-china-chips


US commerce department delays Megaspeed’s inclusion on trade blacklist
https://www.ft.com/content/afb6c960-a910-4d67-9588-73ba3bea5b06

Howard Lutnick Doesn't Want to Stop the Flow of Nvidia Chips Overseas: Report
https://gizmodo.com/howard-lutnick-doesnt-want-to-stop-the-flow-of-nvidia-chips-overseas-report-2000838506

Financial Times reported, based on insider information, that although multiple U.S. government agencies had requested Megaspeed's addition to the Entity List, the Commerce Department had postponed the inclusion for two months.


NVIDIA's CEO Jensen Huang has admitted to being involved in an affair with Alice Huang, a senior executive at Megaspeed. On the other hand, Megaspeed is suspected of being a preferred cloud partner of NVIDIA and having shipped NVIDIA semiconductors to China despite the trade restrictions.

Suspicions that over 1 trillion yen worth of NVIDIA semiconductors were shipped to China by exploiting Jensen Huang's affair - GIGAZINE


According to sources, the addition to the Entity List was requested by states, the Energy Department, the Treasury Department, and the Department of Defense. News site Axios reported that during a crisis management meeting, Bessent, the Treasury Secretary, questioned Lutnick, the Commerce Secretary, about "Why wasn't Megaspeed added to the Entity List?" Lutnick reportedly answered, "We are investigating."

According to an informant who shared information with Axios, the White House and intelligence agencies had been pressuring the Commerce Department to take action regarding Megaspeed since autumn 2025. However, as the situation did not progress, it reportedly led to Bessent directly questioning Lutnick.

It is reported that President Trump had approved the addition of Megaspeed to the Entity List on November 5th after consulting with Elon Musk. On the other hand, Ms. Kristine Aichamer, who serves as the deputy director of the Public Relations Office of the Ministry of Commerce, has denied that such situations have occurred in the Crisis Management Office.

Note that the Ministry of Commerce's "addition of new entities to the Entity List" is not an unusual measure, as the list is frequently updated. However, the state of no new additions being made for approximately one year after October 2025 represents the longest interval in the past 10 years.
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