Singapore Police Probe Megaspeed Over Suspected $7.5 Billion Nvidia Chip Diversion to China
Updated
Updated · CNBC · Nov 12
Singapore Police Probe Megaspeed Over Suspected $7.5 Billion Nvidia Chip Diversion to China
3 articles · Updated · CNBC · Nov 12
Summary
Singapore police opened an investigation into Megaspeed in October 2025 over suspected domestic-law breaches tied to alleged diversion of restricted Nvidia chips to China.
At least $7.5 billion in Nvidia chip shipments to Chinese firms were allegedly facilitated through ties between Megaspeed executive Alice Huang and Nvidia CEO Jensen Huang, according to reports cited in the latest account.
Megaspeed’s filings show a sudden expansion: assets jumped to about $3 billion in 2024 from $33 million a year earlier, while revenue rose to $294 million from zero and the company still posted a roughly $20 million loss.
Regional affiliates deepened scrutiny: Malaysia-linked Speedmatrix bought at least $4.8 billion of advanced AI equipment, and a U.S. trade official reportedly found unopened Nvidia chip boxes at one of its data centers in 2025.
The case now spans export-control enforcement and counterintelligence concerns, with Nvidia’s board investigating whether Jensen Huang was targeted by a foreign intelligence operation while Megaspeed denies any illegal transfers.