Singapore charges man with 41 counts in Nvidia chip case

A fifth person, Shi Bingzhe, was charged in Singapore on Nov 13 with 41 counts of acquiring benefits from criminal conduct in connection with the Nvidia chips case, involving the purchase of 917 servers from Aperia International. Shi, a Chinese national and director of Superphi and chief operating officer of NJ Global Financial, allegedly allowed the companies to acquire the servers between May 2024 and February 2025, with reasonable grounds to believe they were criminal proceeds. Both companies face additional charges, and Shi was granted bail of $300,000 with electronic tagging. The case stems from a US investigation into whether Chinese startup DeepSeek circumvented export restrictions on advanced Nvidia chips. Five individuals and six companies have been charged overall, with authorities seizing about $1 million in funds and issuing a disposal order on a $55 million bungalow.