AIFortuneabout 12 hours ago
Megaspeed Suspected of Smuggling Nvidia Chips
6 min read
Singapore-based Megaspeed is suspected of funneling at least $7.5 billion worth of Nvidia chips to Chinese companies via its Malaysian subsidiary, Speedmatrix. Between June 2024 and June 2025, Speedmatrix received over 200 shipments of restricted Nvidia technology. Nvidia's board initiated an independent investigation into CEO Alice Huang on Nov. 8, considering her removal following reports of a second affair.
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