Nvidia chip buyer Megaspeed faces scrutiny over possible China ties

Singapore-based Megaspeed International, a major buyer of Nvidia's AI chips, faces scrutiny over whether it is a front for the Chinese government, amid probes in the U.S. and Singapore for allegedly smuggling restricted chips into China. Megaspeed purchased nearly $5 billion in advanced hardware over three years, led by Alice Huang, suspected by U.S. intelligence of being a Chinese state asset. Its offices were found largely vacant, with questionable outposts in Australia and Malaysia, and U.S. investigators allege shell companies accessed 240,000 banned chips. Nvidia's board is reportedly preparing to oust CEO Jensen Huang over his affair with Alice Huang, which he apologized for. Megaspeed denies wrongdoing, citing inspections, while experts warn advanced chips could have reached China's military, raising questions about export control enforcement.