Nvidia scandal exposes loophole funneling US chips to China via Singapore
Nvidia CEO Jensen Huang resigned Thursday after admitting to an affair, amid allegations that Singapore-based Megaspeed International exploited a US export control loophole to funnel advanced chips to China, sparking a US government rift. Megaspeed, which purchased over $4 billion in Nvidia chips since 2023, is suspected by US authorities of passing them to unauthorized Chinese buyers. Singapore barred Alice Huang, a former director linked to Chinese intelligence claims, from re-entering the country, though investigations continue. US officials estimate up to 1.6 million advanced semiconductors reached China illegally last year. Lawmakers are pushing for stricter oversight, while Taiwan has charged nine people in a separate smuggling scheme.