Singapore company allegedly helped China smuggle $2 billion worth of Nvidia AI processors, report claims — Nvidia denies that the accused has any China ties, but a U.S. investigation is underway

A Singapore-based company, Megaspeed, is accused of helping China smuggle $2 billion worth of Nvidia AI processors, allegedly bypassing U.S. sanctions. The company, with Chinese connections, reportedly purchased restricted Nvidia AI GPUs through a California-based arm of Inspur, a Chinese technology company. Megaspeed is said to have routed these acquisitions to facilities in Indonesia and Malaysia, enabling access to the GPUs for Chinese entities or re-exporting them to China. While Nvidia denies any China ties with the accused company, a U.S. investigation is underway, and Megaspeed has halted hardware orders from Nvidia amid regional crackdowns on AI-hardware exports.