How the Jensen Huang scandal created a headache for business-friendly Singapore
Summary
Singapore has become a major hub for Nvidia chip orders, though less than 1% of Nvidia’s Singapore-billed sales last year went to chips that entered the country. Authorities are investigating whether Megaspeed and other firms misrepresented the destinations of servers linked to suspected efforts to provide Nvidia technology to Chinese companies; Singapore and U.S. investigations remain ongoing.Key Facts
- Singapore was Nvidia’s second-largest billing centre last year, accounting for nearly a fifth of the company’s revenue.
- Less than 1% of Nvidia’s Singapore-billed revenue came from chips that entered Singapore.
- Megaspeed, a Singapore data-centre company, became the largest buyer of Nvidia chips in Southeast Asia.
- Authorities suspect Megaspeed provided Chinese companies access to Nvidia chips through data centres in Malaysia, Indonesia and Thailand.
- Singapore said it began investigating in February 2025 whether Megaspeed and other firms made false declarations about servers bought and exported through Singapore.
- Singapore requested information from U.S. authorities about Supermicro, which supplied servers to Megaspeed, but said it received limited help.
- Singapore investigated Alice Huang for a possible role in suspected fraud involving Megaspeed, found insufficient evidence of crime and let her leave in February.
- Singapore and U.S. investigations into Megaspeed are ongoing, and Singapore has not charged Megaspeed or people linked to the case.
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