US Treasury Secretary Scott Bessant asked Commerce Secretary Howard Lutnick to add the Singaporean Mega Speed company to the sanctions list, reports CNN. Analysts estimate that the company purchased Nvidia semiconductors worth more than $4 billion and is suspected by American intelligence of transferring advanced chips to China. Despite pressure from the Ministry of Finance, the Ministry of Commerce has so far refused to add Megaspeed to the list of organizations that pose a threat to national security, so as not to worsen trade relations with China.