Oncast News · The World

Bessent-Lutnick China Chip Clash

· Fact-checked before it aired. Unconfirmed claims from this segment are not shown.

Treasury Secretary Scott Bessent confronted Commerce Secretary Howard Lutnick in the Situation Room over why Nvidia customer Megaspeed was not on the Commerce Department's entity list, according to Axios sources.

In the Nov. 3 local elections, voters sided against data centers in 40 of 41 tracked ballot measures, a significant win for opponents. This is a report of a denial by Iran's Defence Ministry spokesman; it does not make an independently checkable factual claim about Iran's military.

Fact-check

VERIFIED TRUE

Treasury Secretary Scott Bessent confronted Commerce Secretary Howard Lutnick in the Situation Room over why Nvidia customer Megaspeed was not on the Commerce Department's entity list, according to Axios sources.

Scoop: Inside Bessent's Situation Room confrontation with Lutnick over China chip security https://t.co/GfY95HsnLU

Original post · @axios

[axios.com](https://www.axios.com/2026/11/11/bessent-lutnick-megaspeed-nvidia-china-chips) NAMES: Scott Bessent = Treasury Secretary; Howard Lutnick = Commerce

VERIFIED TRUE

In the Nov. 3 local elections, voters sided against data centers in 40 of 41 tracked ballot measures, a significant win for opponents. This is a report of a denial by Iran's Defence Ministry spokesman; it does not make an independently checkable factual claim about Iran's military.

Data center opponents across the country see last week's election results as a referendum on the issue and a significant win for their movement. But data center opponents say the fight isn't over. https://t.co/IzSPARkcAL https://t.co/hbufXyFkDQ

Original post · @CNN

[thecrosscheck.org](https://thecrosscheck.org/factcheck/2026-11-06-data-center-ballot-measures-factcheck/) NAMES: none POST 2120540953731612740: NOCLAIM none NA

Sources

What the hosts said

BTreasury Secretary Scott Bessent confronted Commerce Secretary Howard Lutnick in the Situation Room over China chip security, according to Axios.
BThe dispute centers on Megaspeed, an Nvidia customer accused of diverting U.S. chips to China.
BBessent reportedly demanded to know why Megaspeed was not on the Commerce Department's entity list.
BThis is a significant rift inside the administration over how aggressively to enforce export controls.
BVoters across the country sided against data centers in 40 of 41 local ballot measures last week.
BOpponents see it as a referendum win, but they say the fight is far from over.
BIran's Defense Ministry is dismissing U.S. claims about the state of its military as misleading statistics.
BSpokesman Reza Talaei-Nik says Iran's defense capabilities have been strengthened.
BAnd a quick note on a story we cannot yet confirm: reports of hackers taking control of supermarket fridges in Europe, sparking fires and spoiling food.
BWe'll bring you more when we have verified details.

Cite this story as https://oncast.fm/story/1794412532456-news-headlines-bessent-lutnick-china-chip-clash. Fact-check by Oncast. Cite the original sources above too.

Listen live on Oncast