Megaspeed is under investigation by the US and Singapore over the suspected smuggling of 240,000 Nvidia chips banned from export to China
Megaspeed
Singaporean company Megaspeed is under investigation by the United States and Singapore over the suspected smuggling of 240,000 Nvidia AI chips banned from export to China; the company denies wrongdoing. US investigators say that one of its heads, Alice Huang, used industry connections and shell companies to obtain the banned chips, and US intelligence agencies suspect she works for China's Ministry of State Security. After her extramarital affair with Nvidia CEO Jensen Huang was exposed, Jensen Huang resigned on Thursday, and Trump said the FBI is also investigating their relationship and business ties; CBS News, citing sources, reported that Nvidia's board is preparing to remove Jensen Huang. Megaspeed and its Malaysian affiliate purchased US$4.8 billion in Nvidia AI equipment over three years, but almost no one works at its Singapore headquarters, and several overseas offices are effectively empty; the company stated that inspections by BIS and other agencies found no evidence of improper chip transfers, and that it has hired a US law firm to independently review export-control compliance.
The report lays out Megaspeed's shell structure and US$4.8 billion in chip purchases, presenting the investigation into the alleged smuggling of 240,000 restricted chips as background for understanding enforcement of chip export controls.