GeopoliticsMedium•12 November 2026•
1 min read
Trump Backs Nvidia Chip Export Crackdown to China
Key Facts
1President Trump authorized a crackdown on companies suspected of diverting advanced Nvidia AI chips to China.
2Treasury Secretary Scott Bessent confronted Commerce Secretary Howard Lutnick over the failure to flag Nvidia customer Megaspeed for export controls.
President Trump authorized a crackdown on companies suspected of diverting advanced Nvidia AI chips to China. Benzinga reported that Treasury Secretary Scott Bessent confronted Commerce Secretary Howard Lutnick regarding the failure to flag Nvidia customer Megaspeed for export controls.
Nvidia closed at $173.73 on November 11, 2026, amid increasing regulatory pressure on the semiconductor sector. On the same date, AMD closed at $515.21 and INTC at $62.5, while TSM recorded a close of $413.35, as Chinese trade data from November 10, 2026, showed export growth of 35.2%.