Commerce delays Entity List additions, Megaspeed stays off
TL;DR
- Commerce delayed new Entity List additions for two months, leaving Megaspeed off despite four other agencies pushing for its inclusion.
- The Pentagon, State, Energy and Treasury departments pushed for Singapore-based Megaspeed's addition over alleged Nvidia chip diversion to China.
- Commerce has not added a company to the Entity List in more than a year, the longest such stretch in 18 years.
The US Commerce Department has delayed new Entity List additions for two months, leaving Singapore-based Megaspeed off the trade blacklist despite four other US agencies pushing for its inclusion, the Financial Times reports.
The Pentagon and the State, Energy, and Treasury departments proposed adding Megaspeed, whose Malaysian subsidiary Speedmatrix reportedly 'purchased at least $4.8 billion worth of advanced AI equipment containing Nvidia chips between June 2024 and February 2026,' per the FT. US investigators suspected some of that restricted equipment could have been diverted to China through overseas data centres.
The department 'has not added a company to the entity list in more than a year, the longest stretch without such a listing in 18 years,' the FT reports. Commerce has said it needs more information about some of the businesses in the pending package, though it remains unclear whether Megaspeed is among those still being vetted.
The Justice Department is now running a criminal inquiry into Megaspeed, and Nvidia placed the company on its own block list in June 2025. The case sits inside a broader run of our coverage this quarter: 329 chips alerts and 279 regulation alerts tracked over the past 90 days.
Originally reported by ft.com
Read the original article →Original headline: FT: Commerce Department stalls Entity List additions including Megaspeed despite four-agency push