Treasury vs. Commerce: Megaspeed blacklist fight puts chip exports in focus
As seen on the 24/7 Wall St. homepage on November 13, 2026.
A Treasury secretary publicly blaming Commerce for leaving an Nvidia customer off the blacklist points to tighter enforcement ahead, and chip supply chains sell off first when export policy swings.
JUST IN: Sec. Bessent reveals the Treasury supported blacklisting Alice Huang’s Megaspeed for months, but the Commerce Department didn’t act.
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Treasury Secretary Bessent said on November 13, 2026 that his department had pushed for months to blacklist Alice Huang's Megaspeed, only to be blocked by inaction at the Commerce Department.
Megaspeed is an Nvidia customer, so tightened export enforcement would land first on the suppliers closest to the restricted end-user.
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Commerce now faces pressure to add Megaspeed to the entity list or explain why it has not.
Investors with AI chip supply chain exposure should track any formal Commerce Department response.
Mentioned: NVDA
