NickBunker

Secretary Lutnick literally couldn't even explain why Megaspeed isn't on the Entity List when confronted about it at an NSC meeting by Secretary Bessent. Not only does the rest of the administration not support Commerce's refusal to implement or enforce export controls, but Commerce can't even explain their lack of action when asked about it. This is beyond absurd, and needs to be investigated. And to be clear, placing Megaspeed on the Entity List today would be way too little too late. Chinese AI chip smuggling via Southeast Asia is rampant. China would just get chips via Speedmatrix, or any of the dozens of other cutouts in Malaysia/Singapore/Thailand that already exist. Commerce needs to enforce the existing regulations (which it has refused to enforce since May 2025) that would require a license for all AI chip shipments to Southeast Asia, and also require a license for all large-scale AI chip orders to non-trusted companies in most countries. If a sketchy company is ordering $5 billion worth of AI chips, the US government must know about it and at least have the ability to block the sale. This is the only way to cut down on Chinese smuggling, otherwise we're just playing a game of whack-a-mole that is difficult in the best of times, and that this Commerce department has shown it is uniquely inept at.